Contract Termination Agreement Template for Denmark

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

2. Survival Clauses: Identification of specific provisions from the original agreement that will survive termination, used when certain obligations need to continue

3. Non-Compete/Non-Solicitation: Restrictions on future business activities, used when protecting business interests is crucial

4. Tax Implications: Addressing tax consequences of the termination, used when significant financial settlements are involved

5. Insurance and Indemnification: Provisions for ongoing insurance requirements and indemnification, used in high-risk situations

6. Public Announcements: Guidelines for communicating the termination externally, used for significant business relationships

7. Dispute Resolution: Specific procedures for handling disputes, used when standard court jurisdiction is not preferred

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

2. Schedule 2 - Settlement Calculation: Detailed breakdown of any financial settlements or payments

3. Schedule 3 - Property Inventory: List of items to be returned or transferred between parties

4. Schedule 4 - Outstanding Obligations List: Detailed list of remaining obligations and their completion status

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

6. Appendix A - Power of Attorney: If signatories are acting under power of attorney

7. Appendix B - Board Resolutions: Corporate approvals for the termination, if required