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1. Parties: Identification of all parties to the original contract and this termination agreement
2. Background: Brief description of the original contract, its date, and the circumstances leading to this termination
3. Definitions: Key terms used in the termination agreement, including references to the original contract
4. Mutual Agreement to Terminate: Clear statement of the parties' agreement to terminate the original contract
5. Effective Date of Termination: Specific date when the termination becomes effective
6. Settlement of Outstanding Obligations: Details of any remaining payments, deliverables, or obligations to be fulfilled
7. Release and Waiver: Mutual release from future claims and obligations under the original contract
8. Return of Property: Requirements for returning any physical or intellectual property
9. Confidentiality: Survival of confidentiality obligations post-termination
10. Governing Law: Confirmation of Philippine law as governing law
11. Execution: Signature blocks and execution requirements
1. Transition Arrangements: Use when there's a need for a transition period or handover process
2. Surviving Provisions: Include when certain provisions of the original contract need to survive termination
3. Non-Disparagement: Add when parties wish to include mutual obligations not to speak negatively about each other
4. Future Cooperation: Include when parties need to specify any post-termination cooperation requirements
5. Tax Provisions: Add when there are specific tax implications that need to be addressed
6. Public Announcements: Include for high-profile contracts where public communication needs to be managed
7. Insurance and Indemnity: Add when there are ongoing insurance or indemnity obligations that need to be addressed
1. Schedule of Outstanding Payments: Detailed list of any remaining payments to be made between parties
2. Schedule of Assets for Return: Inventory of physical or digital assets to be returned by either party
3. Schedule of Ongoing Obligations: List of any obligations that survive the termination
4. Certificate of Completion: Template certificate confirming completion of all termination obligations
5. Release Form: Template for mutual release of claims
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Financial Services
Retail
Healthcare
Education
Transportation
Energy
Telecommunications
Professional Services
Agriculture
Mining
Entertainment
Legal
Procurement
Commercial
Operations
Compliance
Risk Management
Business Development
Finance
Corporate Affairs
Contract Administration
Legal Counsel
Contract Manager
Chief Legal Officer
Business Development Manager
Procurement Manager
Chief Executive Officer
Chief Operating Officer
Project Manager
Account Manager
Compliance Officer
Risk Manager
Commercial Director
Operations Manager
General Manager
Corporate Secretary
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