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1. Parties: Identification of all parties to the termination agreement, including their full legal names, registration numbers, and registered addresses
2. Background: Recitals describing the original contract, its key terms, and the parties' mutual desire to terminate the contract
3. Definitions: Definitions of key terms used in the termination agreement, including reference to defined terms in the original contract where applicable
4. Termination: Clear statement of the mutual agreement to terminate and the effective date of termination
5. Outstanding Obligations: Details of any payments, deliverables, or other obligations that must be fulfilled before or after termination
6. Mutual Release: Provisions for mutual release from future obligations under the original contract, subject to any surviving provisions
7. Confidentiality: Confirmation that confidentiality obligations from the original agreement continue to apply post-termination
8. Return of Property: Requirements for the return or destruction of any confidential information, materials, or property
9. Governing Law: Confirmation that Malaysian law governs the termination agreement
10. Execution: Signature blocks and execution formalities
1. Surviving Provisions: Specific listing of provisions from the original contract that will survive termination - include when certain obligations need to continue
2. Settlement of Disputes: Include when there are existing disputes that need to be resolved as part of the termination
3. Non-Disparagement: Include for high-profile or sensitive terminations where reputation management is important
4. Tax Provisions: Include when the termination involves significant financial settlements or tax implications
5. Employee Matters: Include when the termination affects employment relationships or requires transfer of employees
6. Intellectual Property Rights: Include when the original contract involved IP rights that need to be addressed post-termination
7. Public Announcements: Include for terminations involving public companies or requiring market announcements
1. Schedule 1 - Original Contract: Copy or details of the contract being terminated
2. Schedule 2 - Outstanding Payments: Detailed list of any outstanding payments or financial settlements
3. Schedule 3 - Handover Plan: Timeline and process for transitioning any services or responsibilities
4. Schedule 4 - Assets Register: List of assets to be returned or transferred between parties
5. Appendix A - Release Form: Standard form for mutual release of claims
6. Appendix B - Compliance Certificate: Form confirming completion of termination obligations
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