Standard Release Of Claims

Standard Release Of Claims Template for Philippines

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Key Requirements PROMPT example:

"I need a Standard Release of Claims for an amicable employment separation with a senior executive in our Manila office, including confidentiality and non-disparagement provisions, with the release payment to be made by March 15, 2025."

Document background

The Standard Release of Claims is a crucial legal instrument in Philippine business and civil transactions, commonly used to resolve disputes and provide legal certainty to parties involved. This document is particularly relevant in situations involving employment terminations, settlement of commercial disputes, or resolution of personal injury claims. The agreement must comply with Philippine legal requirements, including those set forth in the Civil Code and relevant jurisprudence. When drafting a Standard Release of Claims, special attention must be paid to ensuring the release is voluntary, supported by adequate consideration, and clearly defines the scope of claims being released. The document typically includes provisions for confidentiality, non-disparagement, and future conduct, while addressing specific requirements under Philippine law regarding the validity of waivers and releases.

Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and any relevant corporate details

2. Background: Context of the relationship between parties and circumstances leading to the release

3. Definitions: Clear definitions of key terms used in the agreement, including 'Claims', 'Released Parties', and specific terms relevant to the dispute

4. Consideration: Details of the consideration being provided in exchange for the release

5. Release and Discharge: Comprehensive description of claims being released and parties being released

6. No Admission of Liability: Statement that the agreement does not constitute an admission of liability by any party

7. Representations and Warranties: Statements by the releasing party regarding their authority to release claims and understanding of the agreement

8. Governing Law: Specification that Philippine law governs the agreement

9. Entire Agreement: Integration clause stating this document represents the complete agreement between parties

10. Execution: Signature blocks and execution requirements

Optional Sections

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

2. Non-Disparagement: Mutual or unilateral agreements not to make negative statements, included when reputation protection is important

3. Future Cooperation: Terms regarding future interactions or obligations, useful in ongoing business relationships

4. Tax Implications: Discussion of tax treatment of settlement amounts, included when significant sums are involved

5. Return of Property: Requirements for returning company property or documents, important in employment contexts

6. Revocation Period: Period during which the releasing party may revoke the agreement, often included in employment-related releases

7. Survival: Specification of which provisions survive the execution of the release, used in complex settlements

Suggested Schedules

1. Schedule A - Released Claims: Detailed list of specific claims being released

2. Schedule B - Settlement Payment Details: Breakdown of any settlement payments and payment schedule

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

4. Appendix 1 - Required Corporate Approvals: Copies of corporate resolutions or other authorization documents

5. Appendix 2 - Supporting Documents: Relevant background documents referenced in the release

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

alex.den.21@genieai.co

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Banking and Financial Services

Manufacturing

Information Technology

Business Process Outsourcing

Real Estate

Construction

Healthcare

Retail

Education

Transportation and Logistics

Professional Services

Energy and Utilities

Telecommunications

Mining and Natural Resources

Relevant Teams

Legal

Human Resources

Risk Management

Compliance

Executive Leadership

Finance

Operations

Corporate Governance

Employee Relations

Dispute Resolution

Relevant Roles

Legal Counsel

Human Resources Director

Risk Manager

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Operations Manager

HR Business Partner

Corporate Secretary

Settlement Officer

Claims Manager

Employee Relations Manager

Business Unit Director

General Manager

Chief Legal Officer

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Authors

Alex Denne

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