Termination And Mutual Release Agreement Template for Malaysia

1. Surviving Obligations: Used when certain obligations from the original agreement need to survive termination

2. Non-Disparagement: Include when parties wish to prevent negative statements about each other post-termination

3. Intellectual Property Rights: Required when IP ownership or licenses need to be addressed post-termination

4. Tax Provisions: Include when there are significant tax implications from the termination payments

5. Future Cooperation: Used when parties need to cooperate on specific matters after termination

6. Non-Competition/Non-Solicitation: Include when restrictions on future business activities are required

7. Insurance and Indemnification: Required when ongoing insurance obligations or specific indemnities are needed

8. Transition Services: Include when one party needs to provide services during a transition period

1. Schedule of Payments: Detailed breakdown of any termination or settlement payments

2. Schedule of Released Claims: Specific list of claims being released by the parties

3. Schedule of Returned Property: Inventory of physical and digital assets to be returned

4. Schedule of Original Agreements: List of all agreements being terminated

5. Schedule of Surviving Provisions: List of provisions from original agreements that will survive termination

6. Schedule of Transition Services: Details of any transition services to be provided post-termination