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Waiver And Quitclaim
"I need a Waiver and Quitclaim document for a Hong Kong real estate transaction where ABC Properties Limited will release all claims and rights to a commercial property in Central district, effective March 15, 2025, in exchange for a settlement payment of HKD 5 million."
1. Parties: Identifies and defines all parties to the agreement, including the releasing party (releasor) and the party being released (releasee)
2. Background: Provides context for the waiver and quitclaim, including relevant history, existing relationships, and circumstances leading to the waiver
3. Definitions: Defines key terms used throughout the document, including the rights, claims, or interests being waived
4. Waiver and Release: Core section detailing the specific rights, claims, and interests being waived and released by the releasor
5. Consideration: Specifies the consideration (if any) being provided in exchange for the waiver and release
6. Representations and Warranties: Statements by the releasor confirming their authority to waive the rights and understanding of what is being waived
7. Further Assurance: Commitment to execute additional documents or take further actions if necessary to give effect to the waiver
8. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction over disputes
9. Execution: Signature blocks and execution requirements for all parties
1. Conditional Waiver: Include when the waiver is subject to specific conditions that must be met
2. Partial Waiver: Include when only specific rights or claims are being waived while others are retained
3. Confidentiality: Include when the parties wish to keep the existence or terms of the waiver confidential
4. Non-Revocation: Include to explicitly state that the waiver cannot be revoked once executed
5. Severability: Include to ensure remaining provisions survive if any provision is found invalid
6. Third Party Rights: Include when the waiver is intended to benefit or affect third parties
7. Survival: Include to specify which provisions survive termination of the agreement
1. Schedule 1 - Rights and Claims: Detailed list of specific rights, claims, or interests being waived
2. Schedule 2 - Properties: Description of any real or personal property involved in the quitclaim
3. Schedule 3 - Related Agreements: List of any related agreements or documents affected by the waiver
4. Schedule 4 - Excluded Rights: List of any specific rights or claims explicitly excluded from the waiver
5. Appendix A - Supporting Documents: Copies of relevant supporting documents referenced in the waiver
Authors
Real Estate
Financial Services
Construction
Manufacturing
Professional Services
Technology
Healthcare
Energy
Mining
Insurance
Banking
Telecommunications
Transportation
Retail
Legal
Compliance
Risk Management
Real Estate
Corporate Affairs
Property Management
Operations
Commercial
Contracts Administration
Company Secretarial
Legal Counsel
Corporate Lawyer
Property Manager
Risk Manager
Compliance Officer
Real Estate Director
Claims Manager
Contract Administrator
Company Secretary
Chief Legal Officer
Property Development Manager
Asset Manager
Transaction Manager
Legal Operations Manager
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