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Mutual General Release
"I need a Mutual General Release agreement under German law for the dissolution of a tech startup partnership between two co-founders, including provisions for intellectual property rights and ongoing confidentiality obligations, to be effective from March 1, 2025."
1. Parties: Identification and details of all parties entering into the mutual release agreement
2. Background: Context of the relationship between the parties and circumstances leading to the release
3. Definitions: Key terms used throughout the agreement, including 'Claims', 'Released Parties', and specific terms relevant to the relationship
4. Mutual Release: Core provision detailing the mutual releases, including scope of claims being released and effective date
5. Representations and Warranties: Statements by each party regarding their authority to enter into the agreement and ownership of claims being released
6. No Admission of Liability: Statement that the release does not constitute an admission of liability by either party
7. Consideration: Description of the consideration being exchanged for the releases
8. Governing Law: Specification of German law as governing law and jurisdiction
9. Severability: Provision ensuring remainder of agreement remains valid if any part is found unenforceable
10. Entire Agreement: Confirmation that this document represents the complete agreement between parties
11. Execution: Details of how the agreement will be signed and become effective
1. Confidentiality: Required when parties wish to keep the existence or terms of the release confidential
2. Known Claims Exception: Used when specific claims are to be excluded from the release
3. Future Cooperation: Included when parties need to specify ongoing obligations or cooperation requirements
4. Tax Matters: Required when the release involves payments or tax-relevant transactions
5. Return of Property: Needed when parties must return documents, materials, or other property
6. Non-Disparagement: Optional clause preventing parties from making negative statements about each other
7. Insurance Rights: Required when insurance claims or rights need to be addressed
8. Costs: Used when parties need to specify how legal or other costs are to be handled
1. Schedule of Released Claims: Detailed list of specific claims, disputes, or rights being released
2. Schedule of Excluded Claims: List of specific claims explicitly excluded from the release
3. Schedule of Released Parties: Comprehensive list of all parties benefiting from the release, including affiliated entities
4. Schedule of Outstanding Obligations: List of any continuing obligations that survive the release
5. Schedule of Property to be Returned: Inventory of any property, documents, or materials to be returned between parties
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