Release And Settlement Of Claim Template for Malaysia

1. Confidentiality: Terms requiring parties to keep the settlement and its terms confidential - used when privacy is important

2. Tax Implications: Addresses responsibility for taxes arising from the settlement payment - used when tax liability needs clarification

3. Insurance: Provisions relating to insurance coverage and insurers - used when insurance companies are involved in the settlement

4. Future Cooperation: Obligations for parties to cooperate in implementing the settlement - used in complex settlements requiring ongoing actions

5. Return of Property/Documents: Requirements for returning any relevant property or documents - used when physical items or documents need to be exchanged

6. Non-Disparagement: Prohibits parties from making negative statements about each other - used in sensitive or public cases

7. Severability: Provides for survival of agreement if certain provisions are found invalid - used in complex agreements

1. Schedule 1 - Claim Details: Detailed description of the original claim or dispute being settled

2. Schedule 2 - Payment Schedule: Detailed payment terms and installment schedule if applicable

3. Schedule 3 - Related Proceedings: List of any legal proceedings to be discontinued as part of the settlement

4. Schedule 4 - Released Parties: Comprehensive list of all parties receiving releases under the agreement

5. Appendix A - Supporting Documents: Copies of relevant documents referenced in the settlement

6. Appendix B - Form of Notice of Discontinuance: Template for formally discontinuing any legal proceedings