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1. Parties: Identifies and defines all parties involved - the Releasor (party giving the release) and Releasee (party being released from liability)
2. Background: Explains the context and circumstances leading to the release, including any relevant incidents or relationships between the parties
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Release and Discharge: Core section detailing the unconditional release of claims, rights, and demands against the Releasee
5. Scope of Release: Specifies what claims, incidents, or time periods are covered by the release
6. Consideration: States the consideration given for the release to ensure enforceability under Hong Kong contract law
7. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of its implications
8. Governing Law: Specifies Hong Kong law as governing law and jurisdiction for any disputes
9. Entire Agreement: Confirms the release represents the complete agreement between parties and supersedes prior agreements
10. Execution: Signature blocks and execution requirements for all parties
1. Confidentiality: Include when the parties wish to keep the terms of the release and underlying incidents confidential
2. Non-Admission of Liability: Include when the Releasee wishes to explicitly state that the release does not constitute an admission of liability
3. Future Claims: Include when specifically addressing potential future claims or ongoing obligations
4. Return of Property: Include when there is physical or intellectual property that needs to be returned as part of the release
5. Non-Disparagement: Include when parties agree not to make negative statements about each other
6. Severability: Include when parties want to ensure remainder of agreement survives if any provision is found invalid
7. Third Party Rights: Include when the release affects rights of third parties under the Contracts (Rights of Third Parties) Ordinance
1. Schedule 1 - Specific Claims: Detailed list of specific claims, incidents, or matters being released
2. Schedule 2 - Released Parties: List of additional parties covered by the release (e.g., affiliates, directors, employees)
3. Schedule 3 - Excluded Claims: List of any claims specifically excluded from the scope of the release
4. Appendix A - Related Documents: Copies or references to relevant documents, incidents reports, or prior agreements being released
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Risk Management
Compliance
Human Resources
Corporate Governance
Operations
Claims
Insurance
Contract Administration
Executive Leadership
Finance
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Risk Manager
Compliance Officer
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Chief Legal Officer
Claims Manager
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Corporate Secretary
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Operations Manager
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Settlement Officer
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