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Release Of Claims Agreement
"I need a Release of Claims Agreement under Dutch law for settlement with a former senior employee who is leaving our technology company on March 1, 2025, including confidentiality provisions and return of company property clauses, with a settlement payment of €75,000."
1. Parties: Identifies and defines the parties to the agreement, including their full legal names, addresses, and any relevant registration numbers
2. Background: Provides context for the agreement, including relevant history of the relationship between the parties and any disputes or claims that led to this release
3. Definitions: Defines key terms used throughout the agreement, including 'Claims', 'Released Parties', and other relevant terminology
4. Consideration: Specifies the consideration being provided in exchange for the release of claims
5. Release: Details the specific claims being released, including temporal scope and nature of claims
6. Representations and Warranties: Statements by the releasing party regarding their authority to enter into the agreement and ownership of the claims being released
7. Acknowledgments: Confirms the releasing party's understanding of the agreement and their voluntary entry into it
8. Governing Law and Jurisdiction: Specifies Dutch law as governing law and designates competent courts
9. Entire Agreement: Confirms that the agreement represents the complete understanding between the parties
10. Execution: Signature blocks and execution requirements
1. Non-Admission of Liability: Optional clause stating that the agreement does not constitute an admission of liability - typically included when there is a dispute
2. Confidentiality: Required when parties wish to keep the terms of the settlement confidential
3. Tax Implications: Needed when the settlement payment has tax consequences that need to be addressed
4. Future Cooperation: Include when parties need to specify any ongoing obligations or cooperation requirements
5. Non-Disparagement: Optional provision preventing parties from making negative statements about each other
6. Return of Property: Include when there is company property or confidential information to be returned
7. Severability: Optional clause addressing the survival of remaining provisions if parts are found invalid
8. Employment-Specific Provisions: Required when the release relates to employment matters, including specific statutory requirements
1. Schedule of Released Claims: Detailed list of specific claims being released, if not fully incorporated in main text
2. Schedule of Excluded Claims: List of claims specifically excluded from the release
3. Payment Schedule: If consideration is to be paid in installments or subject to conditions
4. Schedule of Returned Items: Inventory of any property or documents to be returned, if applicable
5. Related Agreements: Copies of any related agreements referenced in the release
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