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1. Parties: Identifies the parties entering into the waiver agreement
2. Background: Explains the context and purpose of the waiver
3. Definitions: Defines key terms used throughout the document
4. Waiver Statement: Clear statement of what rights are being waived
5. Scope of Release: Detailed description of what is covered by the release
6. Acknowledgment of Understanding: Confirmation that the signing party understands the waiver
7. Execution: Signature blocks and date
1. Consideration: Details of any payment or value exchanged - used when there is specific consideration being provided for the release
2. Indemnification: Additional protection against future claims - used when broader protection against future claims is needed
3. Governing Law: Specifies jurisdiction and applicable law - used when parties are in different jurisdictions or specific jurisdiction needs to be established
4. Severability: Ensures remainder of agreement stays valid if part is found unenforceable - used in more complex agreements where partial invalidity might be a concern
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Schedule of Excluded Claims: List of claims specifically excluded from the release
3. Schedule of Related Parties: List of additional parties covered by the release
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