Release Of Claims Agreement Template for South Africa

1. Confidentiality: Terms regarding confidentiality of the settlement and agreement, used when parties wish to keep the terms private

2. Non-Disparagement: Mutual agreements not to make negative statements about each other, often used in employment-related releases

3. Tax Implications: Clarification of tax responsibilities for any payments, particularly important for large settlements

4. Return of Property: Requirements for returning any property or documents, typically used in employment or business relationship contexts

5. Survival: Specification of which provisions survive the execution of the release, used when certain obligations continue

6. Future Cooperation: Terms regarding future cooperation between parties, often used in complex disputes requiring ongoing interaction

7. Revocation Period: Inclusion of a revocation period if required by law or agreed upon by parties

1. Schedule A - Released Claims: Detailed list of specific claims being released, particularly useful in complex disputes

2. Schedule B - Payment Terms: Detailed payment schedule and terms if the settlement involves multiple payments or complex financial arrangements

3. Schedule C - Released Parties: Comprehensive list of all parties being released, including affiliated entities and individuals

4. Appendix 1 - Supporting Documents: List of relevant documents referenced in the agreement or supporting the claims being released

5. Appendix 2 - Specific Assets or Properties: Detailed list of any specific assets or properties involved in the release