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Termination Deed
"I need a Termination Deed to end a manufacturing and distribution agreement with our Malaysian supplier, ensuring the return of our proprietary equipment and maintaining confidentiality of trade secrets after termination."
1. Parties: Identification of all parties to the termination deed, including their full legal names, registration numbers (if companies), and registered addresses
2. Background: Recitals explaining the original agreement being terminated, its date, and the circumstances leading to termination
3. Definitions: Definitions of key terms used in the deed, including reference to the Original Agreement and any related documents
4. Termination: Clear statement of termination of the original agreement and the effective date of termination
5. Release and Discharge: Mutual release of parties from obligations under the original agreement and discharge of future liabilities
6. Settlement of Outstanding Amounts: Provisions dealing with any outstanding payments, refunds, or financial settlements between the parties
7. Return of Property: Requirements for return of any property, documents, or confidential information
8. Surviving Obligations: Identification of any provisions from the original agreement that will survive termination
9. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
10. Execution: Formal execution block for signing by all parties
1. Non-Disparagement: Used when parties wish to include mutual obligations not to make negative statements about each other after termination
2. Confidentiality: Used when there is sensitive information involved and parties need to maintain confidentiality post-termination
3. Tax Provisions: Required when the termination involves significant financial settlements or tax implications
4. Further Assurance: Used when parties may need to execute additional documents or take further actions to give effect to the termination
5. Intellectual Property Rights: Included when the original agreement involved IP rights that need to be addressed upon termination
6. Employee Matters: Required when termination affects employment relationships or requires transfer of employees
7. Third Party Rights: Needed when the termination affects rights of third parties under the original agreement
1. Schedule 1 - Original Agreement: Copy or details of the agreement being terminated
2. Schedule 2 - Outstanding Amounts: Detailed list of any outstanding payments, refunds, or financial settlements
3. Schedule 3 - Property to be Returned: Itemized list of property, documents, or materials to be returned by each party
4. Schedule 4 - Surviving Provisions: Detailed list of provisions from original agreement that will survive termination
5. Appendix A - Form of Release: Template of any additional release documents to be executed
6. Appendix B - Settlement Calculation: Detailed calculations of any settlement amounts or financial adjustments
Authors
Termination
Release and Discharge
Settlement of Outstanding Amounts
Return of Property
Surviving Obligations
Confidentiality
Intellectual Property
Non-Disparagement
Further Assurance
Costs and Expenses
Notices
Assignment
Entire Agreement
Severability
Waiver
Amendment
Counterparts
Third Party Rights
Governing Law
Jurisdiction
Manufacturing
Real Estate
Technology
Financial Services
Professional Services
Healthcare
Education
Retail and Consumer
Construction
Energy and Utilities
Telecommunications
Transportation and Logistics
Agriculture
Mining and Resources
Media and Entertainment
Legal
Compliance
Commercial
Business Development
Operations
Human Resources
Risk Management
Corporate Secretarial
Finance
Executive Leadership
Procurement
Contract Administration
Legal Counsel
Contract Manager
Chief Legal Officer
Company Secretary
Business Development Manager
Commercial Director
Chief Executive Officer
Chief Operating Officer
Risk Manager
Compliance Officer
Human Resources Director
Project Manager
Partnership Manager
Operations Director
General Manager
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