A General Release of Claims is commonly used when parties wish to resolve all potential disputes and create a clean break in their legal relationship. This document is particularly common in employment separations, settlement agreements, and dispute resolutions across the United States. The release must comply with various federal laws including ADEA and OWBA when age-related claims are involved, and state-specific requirements where applicable. It typically includes specific consideration, detailed release provisions, and may require certain waiting periods or review times depending on the circumstances and jurisdiction.
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1. Parties: Identification of the releasing and released parties
2. Background: Context of the relationship and circumstances leading to the release
3. Definitions: Key terms used throughout the release
4. Consideration: Description of what is being given in exchange for the release
5. Release Provisions: Specific claims being released and scope of release
6. Non-Admission: Statement that release does not constitute admission of liability
7. Governing Law: Jurisdiction governing the agreement
8. Signature Block: Execution provisions and dates
1. Age Claims Provisions: Required when releasing age discrimination claims (for releasers 40 or older)
2. Confidentiality: Terms regarding confidentiality of the agreement and its contents
3. Non-Disparagement: Provisions preventing parties from making negative statements about each other
4. Return of Property: Requirements for returning company property in employment contexts
1. Schedule of Released Parties: Comprehensive list of all parties being released from claims
2. Schedule of Excluded Claims: List of specific claims not included in the release
3. Schedule of Consideration: Detailed breakdown of consideration being provided in exchange for the release
Relevant legal definitions
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