Contract Termination By Agreement Template for Australia

1. Confidentiality: Additional confidentiality provisions beyond the original agreement, used when sensitive information needs ongoing protection

2. Non-Disparagement: Mutual agreements not to make negative statements about each other, typically used in high-profile or contentious terminations

3. Transition Arrangements: Specific provisions for transitioning services or responsibilities, used when the termination requires a handover period

4. Tax Provisions: Specific provisions dealing with tax implications of the termination, used when significant financial settlements are involved

5. Dispute Resolution: Specific procedures for resolving any disputes arising from the termination, used in complex terminations or when parties anticipate potential disagreements

6. Third Party Rights: Provisions dealing with any third party rights or obligations, used when the termination affects other parties or agreements

7. Insurance and Indemnities: Specific provisions about ongoing insurance obligations or indemnities, used when there are potential future claims or liabilities

1. Schedule 1 - Original Contract: Copy or details of the original contract being terminated

2. Schedule 2 - Settlement Amount Calculation: Detailed calculation of any final payments or settlements

3. Schedule 3 - Property Register: List of property, documents, or materials to be returned or disposed of

4. Schedule 4 - Surviving Obligations: Detailed list of specific obligations that survive termination

5. Schedule 5 - Transition Plan: Detailed timeline and responsibilities for any transition arrangements

6. Appendix A - Execution Requirements: Specific requirements for execution, including any necessary board resolutions or power of attorney