Business Contract Termination Template for Denmark

1. Intellectual Property Rights: Provisions regarding the ownership and use of IP rights post-termination, used when IP was involved in the business relationship

2. Transition Arrangements: Details of any handover process or transition period, included when services need to be transferred to another provider

3. Surviving Provisions: List of contract provisions that continue after termination, used when specific obligations need to survive

4. Non-Compete and Non-Solicitation: Restrictions on future business activities and employee recruitment, included when protecting business interests is crucial

5. Data Protection: Specific provisions for handling personal data post-termination, required when significant personal data processing was involved

6. Dispute Resolution: Specific procedures for handling disputes, included when parties want to specify meditation or arbitration processes

7. Insurance and Indemnities: Ongoing insurance obligations and indemnification provisions, used when there are potential future claims

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

2. Schedule 2 - Financial Statement: Detailed breakdown of final financial settlements, including any outstanding payments

3. Schedule 3 - Asset Register: List of all assets to be returned or transferred between parties

4. Schedule 4 - Transition Plan: Detailed timeline and steps for transitioning services or operations

5. Schedule 5 - Intellectual Property Register: List of all relevant IP rights and their post-termination status

6. Appendix A - Contact Details: List of key contacts for both parties during the termination process

7. Appendix B - Compliance Certificates: Certificates confirming compliance with termination obligations