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General Liability Release Of Claims Template for Philippines

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Key Requirements PROMPT example:

General Liability Release Of Claims

"I need a General Liability Release of Claims for a corporate settlement between our technology company and a former supplier in Manila, with specific provisions for confidentiality and the return of intellectual property, to be executed by March 2025."

Document background
The General Liability Release of Claims is a crucial legal instrument in Philippine business and civil transactions, used to formally resolve disputes and manage legal risks. It is commonly employed when parties wish to settle existing or potential claims and establish a clear legal conclusion to their disputes. The document, governed by the Civil Code of the Philippines, must include specific elements such as identification of parties, detailed description of claims being released, consideration, and proper execution requirements. It's particularly valuable in situations involving personal injury claims, business disputes, employment matters, or any scenario where one party agrees to relinquish their right to pursue legal action against another in exchange for some form of consideration. The document's effectiveness depends on careful drafting to ensure compliance with Philippine law and clear expression of the parties' intentions.
Suggested Sections

1. Parties: Identifies and defines all parties involved in the release, including the Releasor and Releasee, with their complete legal names and addresses

2. Background: Provides context for the release, including relevant history of the relationship between parties and general nature of claims being released

3. Definitions: Defines key terms used throughout the document, including 'Claims', 'Released Parties', 'Effective Date', and other relevant terms

4. Consideration: States the consideration being provided in exchange for the release, which is essential for contract validity under Philippine law

5. Release and Discharge: The core provision that details the claims being released and the scope of the release

6. No Admission of Liability: Statement that the release and any payments made do not constitute an admission of liability by the Releasee

7. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of its implications

8. Governing Law: Specifies that Philippine law governs the agreement and interpretation thereof

9. Execution: Signature block and execution requirements, including space for witnesses and notarization as required under Philippine law

Optional Sections

1. Confidentiality: Used when parties wish to keep the terms of the settlement and release confidential

2. Future Claims: Additional provisions addressing potential future claims, particularly relevant in personal injury cases

3. Return of Property: Required when there is physical property or documents that need to be returned as part of the settlement

4. Non-Disparagement: Include when parties wish to prevent negative statements about each other after the release

5. Cooperation: Used when ongoing cooperation between parties is required for implementing the release

6. Tax Implications: Include when the settlement involves significant monetary compensation with tax implications

7. Severability: Optional clause stating that if any provision is found invalid, the remainder of the agreement remains in effect

Suggested Schedules

1. Schedule A - Description of Claims: Detailed list and description of all claims being released

2. Schedule B - Settlement Payment Details: If applicable, breakdown of any settlement payments and payment terms

3. Schedule C - Related Parties: List of additional parties covered by the release (subsidiaries, affiliates, etc.)

4. Appendix 1 - Supporting Documents: Copies of relevant documents referenced in the release

5. Appendix 2 - Proof of Authority: If applicable, documents showing authority to execute the release (board resolutions, powers of attorney, etc.)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Legal Services

Insurance

Banking and Finance

Real Estate

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Manufacturing

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Legal

Risk Management

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Human Resources

Corporate Governance

Operations

Executive Leadership

Finance

Insurance

Administrative

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Business Development

Relevant Roles

Legal Counsel

Corporate Secretary

Risk Manager

Compliance Officer

Human Resources Director

Claims Manager

Contract Administrator

Chief Legal Officer

Business Development Manager

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Chief Financial Officer

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Settlement Officer

Corporate Governance Officer

Industries







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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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