Mutual Release Agreement (Real Estate) Template for Hong Kong

1. Surviving Claims: Used when certain claims or rights need to be explicitly preserved and excluded from the release

2. Non-Admission of Liability: Optional clause stating that the agreement does not constitute an admission of liability by any party

3. Return of Property: Include when there needs to be an exchange or return of property or documents between the parties

4. Third Party Rights: Required if the release affects or benefits third parties under the Contracts (Rights of Third Parties) Ordinance

5. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

6. Tax Matters: Include when there are specific tax implications that need to be addressed

7. Continuing Obligations: Used when certain obligations between the parties continue despite the release

1. Property Details: Detailed description of the real estate property involved, including lot numbers, addresses, and registered interests

2. Released Claims: Comprehensive list of specific claims, disputes, or matters being released

3. Payment Schedule: If applicable, details of any payments to be made, including amounts, dates, and payment methods

4. Related Agreements: List of any related agreements that are being terminated or affected by the release

5. Required Formalities: Any specific forms or notices required under Hong Kong law for the release to be effective