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1. Parties: Identification of all parties to the termination agreement, including their full legal names and addresses
2. Background: Recitals explaining the existing contractual relationship, reference to the original contract, and the parties' mutual desire to terminate
3. Definitions: Definitions of key terms used in the agreement, including 'Original Contract', 'Termination Date', and other relevant terms
4. Termination: Clear statement of the mutual agreement to terminate and the effective termination date
5. Settlement of Accounts: Details of any final payments, reconciliation of accounts, or financial settlements between the parties
6. Release and Waiver: Mutual release of claims and waiver of rights related to the original contract
7. Return of Property: Provisions for the return or disposal of any property, documents, or materials belonging to either party
8. Surviving Obligations: Identification of any contractual provisions that will survive termination
9. Governing Law: Confirmation that Irish law governs the termination agreement
10. Execution: Signature blocks and execution provisions
1. Confidentiality: Provisions regarding ongoing confidentiality obligations, used when the original contract contained confidentiality provisions or sensitive information was shared
2. Non-Compete/Non-Solicitation: Provisions confirming whether any existing non-compete or non-solicitation obligations continue or are terminated, used when the original agreement contained such restrictions
3. Intellectual Property: Provisions addressing ownership and usage rights of any intellectual property, used when IP was involved in the original contract
4. Tax Provisions: Specific provisions regarding tax implications and responsibilities, used when there are significant tax considerations
5. Dispute Resolution: Specific procedures for resolving any disputes arising from the termination, used when parties want to specify a particular dispute resolution method
6. Public Announcements: Provisions regarding public statements about the termination, used when either party is public-facing or when public relations need to be managed
7. Transition Arrangements: Details of any transitional period or handover process, used when the termination requires a managed transition phase
1. Schedule 1 - Original Contract: Copy or details of the original contract being terminated
2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements, including calculations and payment terms
3. Schedule 3 - Property Inventory: List of any property, documents, or materials to be returned or transferred between parties
4. Schedule 4 - Surviving Obligations: Detailed list of specific obligations that will survive the termination
5. Appendix A - Form of Release: Standard form of release to be signed by both parties
6. Appendix B - Transition Plan: Detailed timeline and responsibilities for any transition period
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Media and Entertainment
Agriculture
Hospitality
Consumer Goods
Software and IT
Legal
Commercial
Business Development
Operations
Finance
Procurement
Compliance
Risk Management
Sales
Corporate Affairs
Contract Management
Legal Counsel
Contract Manager
Business Development Manager
Commercial Director
Chief Executive Officer
Chief Financial Officer
Operations Manager
Procurement Manager
Project Manager
Account Manager
Sales Director
General Manager
Compliance Officer
Risk Manager
Company Secretary
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