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1. Parties: Identification of the contracting company and the independent contractor
2. Background: Brief overview of the existing contractor relationship and reference to the original agreement
3. Definitions: Key terms used throughout the termination agreement
4. Termination Date: Clear statement of when the contractor relationship will end
5. Final Payment Terms: Details of any final payments, including outstanding invoices and expenses
6. Return of Property: Requirements for returning company property, equipment, and documents
7. Confidentiality Obligations: Ongoing obligations regarding confidential information
8. Mutual Release: Release of claims by both parties
9. Governing Law: Specification of Malaysian law as governing law
10. Entire Agreement: Statement that this document represents the complete agreement regarding termination
1. Intellectual Property Rights: Provisions for handling IP created during the engagement - include if contractor was involved in creative or technical work
2. Non-Compete Obligations: Post-termination competitive restrictions - include if original agreement had non-compete provisions
3. Transition of Duties: Process for transferring ongoing work - include if contractor has ongoing projects
4. Reference and Announcements: Terms for providing references and announcing the termination - include if parties agree on public statements
5. Survival Clauses: Specific provisions that survive termination - include if certain obligations continue post-termination
6. Tax Indemnity: Tax-related representations and indemnities - include if there are complex tax implications
7. Dispute Resolution: Specific procedures for resolving disputes - include if parties want to specify arbitration or mediation
1. Schedule 1: Final Payment Calculation: Detailed breakdown of final payments, including any pro-rated fees
2. Schedule 2: Company Property Inventory: List of all company property to be returned
3. Schedule 3: Ongoing Projects Status: Status report of any projects that need transition
4. Appendix A: Original Contractor Agreement: Copy of the original independent contractor agreement being terminated
5. Appendix B: Final Release Form: Detailed release of claims form to be executed by both parties
Technology
Construction
Professional Services
Manufacturing
Healthcare
Education
Financial Services
Media and Entertainment
Consulting
Real Estate
Energy
Telecommunications
Human Resources
Legal
Procurement
Finance
Operations
Compliance
Project Management Office
Administration
Risk Management
Human Resources Manager
Legal Counsel
Procurement Manager
Project Manager
Operations Director
Finance Manager
Contracts Administrator
Compliance Officer
Department Head
Managing Director
HR Business Partner
General Manager
Chief Financial Officer
Chief Operating Officer
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