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Mutual Full And Final Release
"I need a Mutual Full and Final Release agreement to settle an ongoing commercial dispute with my former business partner regarding intellectual property rights, with a settlement payment of £50,000 to be made by March 2025."
1. Parties: Identification and details of all parties to the release
2. Background: Context of the dispute or claims being released
3. Definitions: Key terms used throughout the agreement
4. Release Provisions: Specific terms of mutual release and waiver
5. Consideration: Details of payment or other consideration
6. Governing Law: Specification of English and Welsh law
1. Confidentiality: Terms of confidentiality when parties wish to keep the agreement terms private
2. Non-Disparagement: Mutual agreements not to speak negatively about other parties, typically used in high-profile or sensitive cases
3. Tax Indemnity: Protection regarding tax implications when significant sums are involved
4. Future Cooperation: Terms for ongoing cooperation between parties when future interaction is necessary
1. Schedule of Claims: Detailed list of claims being released
2. Payment Schedule: Details of payment installments and timing if applicable
3. Related Agreements: List of any associated agreements being terminated or modified
Authors
Release
Consideration
Representations and Warranties
Confidentiality
Non-Admission of Liability
Future Claims Waiver
Tax Treatment
Indemnification
Further Assurance
Entire Agreement
Severability
Amendment and Waiver
Notices
Costs
Third Party Rights
Non-Disparagement
Cooperation
Assignment
Governing Law
Jurisdiction
Counterparts
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