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Claim And Release Form Template for Hong Kong

A comprehensive legal document governed by Hong Kong law that formalizes the settlement of a claim between parties and provides for the release of liability. This document outlines the terms and conditions under which a party agrees to settle a claim and release another party from future liability related to the specified incident or circumstance. It incorporates essential elements required under Hong Kong's legal framework, including clear identification of parties, detailed claim description, settlement terms, and release provisions, while ensuring compliance with local contract law requirements and regulatory standards.

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Claim And Release Form

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What is a Claim And Release Form?

The Claim And Release Form is a critical legal instrument used in Hong Kong to document the settlement of claims and formal release of liability between parties. It serves as a binding agreement that outlines the terms under which a claim is settled and documents the claimant's agreement to release the other party from future liability related to the specified incident or circumstance. This document is commonly used in various contexts, including personal injury settlements, employment disputes, commercial disagreements, and insurance claims. The form must comply with Hong Kong's contract law principles and relevant ordinances, particularly regarding the formation of contracts, limitation periods, and civil liability. It typically includes detailed information about the claim, settlement amount, payment terms, and scope of release, while often incorporating provisions for confidentiality and non-admission of liability.

What sections should be included in a Claim And Release Form?

1. Parties: Identification of all parties involved in the claim and release, including their full legal names, addresses, and any relevant registration numbers

2. Background: Brief description of the circumstances leading to the claim and the parties' intention to settle

3. Definitions: Key terms used throughout the document, including 'Claim', 'Released Parties', 'Effective Date', and any specific terms relevant to the situation

4. Claim Details: Detailed description of the claim(s) being settled, including date, nature, and circumstances of the incident or dispute

5. Settlement Amount: The agreed settlement sum and payment terms, including method and timing of payment

6. Release Provisions: Complete description of what claims are being released and the scope of the release

7. Representations and Warranties: Statements by both parties regarding their authority to enter into the agreement and understanding of its terms

8. Confidentiality: Terms regarding the confidentiality of the settlement and restrictions on disclosure

9. Governing Law: Specification that Hong Kong law governs the agreement

10. Execution: Signature blocks and execution requirements

What sections are optional to include in a Claim And Release Form?

1. Non-Admission of Liability: Optional clause stating that the settlement does not constitute an admission of liability - typically included in disputed claims

2. Tax Implications: Section addressing tax treatment of the settlement payment - needed when settlement amount has tax implications

3. Future Claims: Specific provisions about potential future claims - important in personal injury or ongoing medical condition cases

4. Return of Property: Provisions regarding return of property or documents - relevant when physical items or documents need to be exchanged

5. Non-Disparagement: Mutual agreement not to make negative statements about each other - often used in employment-related settlements

6. Indemnification: Provisions for indemnification against future claims - useful in complex cases with potential third-party claims

What schedules should be included in a Claim And Release Form?

1. Schedule 1 - Claim Documentation: Copies or details of original claim documents, incident reports, or relevant correspondence

2. Schedule 2 - Payment Schedule: Detailed payment terms if settlement involves installments or multiple payments

3. Schedule 3 - Related Claims or Parties: List of any related claims or additional parties covered by the release

4. Appendix A - Supporting Evidence: Relevant evidence or documentation supporting the claim (photos, reports, etc.)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant legal definitions


































Clauses



























Relevant Industries

Insurance

Banking and Financial Services

Construction

Manufacturing

Retail

Healthcare

Transportation and Logistics

Real Estate

Professional Services

Education

Hospitality

Employment Services

Relevant Teams

Legal

Risk Management

Compliance

Human Resources

Insurance

Claims Processing

Corporate Governance

Dispute Resolution

Contract Administration

Legal Operations

Relevant Roles

Legal Counsel

Risk Manager

Claims Adjuster

Compliance Officer

Human Resources Manager

Insurance Manager

Corporate Secretary

Settlement Officer

Litigation Manager

Contract Administrator

Legal Operations Manager

Chief Legal Officer

Risk Assessment Officer

Claims Processing Specialist

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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