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Letter Of Release Form

Letter Of Release Form Template for Hong Kong

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Key Requirements PROMPT example:

Letter Of Release Form

"I need a Letter of Release Form for a senior software developer leaving our Hong Kong tech company on March 15, 2025, including provisions for maintaining confidentiality of proprietary software code and a mutual non-disparagement clause."

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Document background
The Letter of Release Form is a crucial document in Hong Kong's business and employment landscape, used when parties need to formally terminate or modify their legal obligations to each other. This document is particularly relevant when an employee is departing from a company, when settling disputes, or when modifying existing contractual obligations. The form must comply with Hong Kong employment law, including the Employment Ordinance (Cap. 57) and relevant contract law principles. It typically includes specific details about the parties involved, the obligations being released, any consideration provided, and necessary acknowledgments. The Letter of Release Form can be used in various contexts, from routine employee departures to more complex situations involving senior executives or significant claims.
Suggested Sections

1. Date and Parties: Identifies the date of the letter and the full names and details of both the releasing and released parties

2. Reference to Employment: Details of the employment relationship including start date, end date, and position held

3. Release Statement: Clear and unambiguous statement of what obligations, claims, or restrictions are being released

4. Consideration: Statement of what (if anything) is being provided in exchange for the release

5. Acknowledgment: Confirmation that both parties understand the implications of the release

6. Execution: Signature blocks for all parties and witnesses if required

Optional Sections

1. Non-Disparagement: Optional clause preventing parties from making negative statements about each other, typically included when there's been a sensitive departure

2. Confidentiality: Optional section maintaining confidentiality of the release terms, used when privacy is a concern

3. Return of Company Property: Optional section confirming return of all company assets, used when the employee had access to significant company property

4. Surviving Obligations: Optional section specifying any obligations that continue after the release, used when certain duties need to be maintained

5. Tax Implications: Optional section addressing tax treatment of any payments, included when monetary consideration is involved

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims or obligations being released, if multiple or complex

2. Schedule of Company Property: Itemized list of company property to be returned, if applicable

3. Payment Schedule: Details of any payments or consideration being provided, including timing and conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















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Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Retail

Healthcare

Education

Construction

Real Estate

Hospitality

Telecommunications

Media and Entertainment

Relevant Teams

Human Resources

Legal

Compliance

Finance

Operations

Administration

Executive Management

Company Secretarial

Relevant Roles

Chief Executive Officer

Managing Director

Department Head

Senior Manager

HR Manager

Legal Counsel

Compliance Officer

Finance Director

Operations Manager

Project Manager

Sales Executive

IT Professional

Administrative Staff

General Employee

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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