Termination Of Supplier Contract Template for Hong Kong

1. Transition Arrangements: Details of handover process and transition support - include if there's a need for transition period

2. Non-Compete Obligations: Reinforcement of any non-compete provisions - include if present in original agreement

3. Employee Matters: Provisions regarding affected employees or contractors - include if staff transfers are involved

4. Inventory Handling: Treatment of remaining inventory or work-in-progress - include for goods-based contracts

5. Intellectual Property Rights: Specific provisions for IP ownership and licenses - include if IP is involved

6. Tax Provisions: Special tax considerations or allocations - include if tax implications are significant

7. Insurance and Indemnities: Specific provisions about ongoing insurance requirements - include if significant risks exist post-termination

1. Schedule 1 - Outstanding Payments: Detailed list of all outstanding payments and payment schedule

2. Schedule 2 - Return of Property Checklist: Itemized list of all property, documents, and materials to be returned

3. Schedule 3 - Transition Plan: Detailed timeline and responsibilities for transition activities

4. Appendix A - Original Contract: Copy of the original supplier contract being terminated

5. Appendix B - Termination Notices: Copies of any formal termination notices or related correspondence