The Final Release Form is a critical legal document used in Austrian jurisdiction to formally conclude disputes, settle claims, or terminate legal obligations between parties. It serves as a definitive agreement that, once executed, prevents the releasing party from pursuing future claims regarding the specified matters. Typically employed in employment terminations, accident settlements, contract disputes, or business transactions, this document must comply with Austrian Civil Code requirements and include specific elements such as clear identification of parties, explicit description of released claims, and consideration details. The Final Release Form should also incorporate necessary data protection provisions to comply with GDPR and Austrian privacy laws. It's particularly important to note that under Austrian law, such releases must be explicit and clearly defined, with special attention paid to consumer protection regulations when applicable.
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1. Parties: Identification of the releasing party (Releasor) and the party being released (Releasee), including full legal names and addresses
2. Background: Context of the situation leading to the release, including relevant dates and circumstances
3. Definitions: Clear definitions of key terms used in the release form, including 'Claims', 'Released Matters', and any specific terms relevant to the situation
4. Consideration: Statement of the consideration being provided in exchange for the release
5. Release: Core section detailing the specific claims, rights, and causes of action being released
6. Representations and Warranties: Statements by the Releasor confirming their understanding of the release and authority to enter into it
7. Data Protection Acknowledgment: GDPR-compliant acknowledgment of data processing related to the release
8. Governing Law: Explicit statement that Austrian law governs the release
9. Signatures: Execution block with date and signatures of all parties
1. Confidentiality: Include when the parties wish to keep the terms of the release and underlying circumstances confidential
2. Tax Matters: Include when the release involves monetary compensation requiring tax considerations
3. Future Claims: Include when specifically addressing potential future claims that may arise
4. Non-Disparagement: Include when parties wish to prevent negative statements about each other
5. Return of Property: Include when physical or intellectual property needs to be returned as part of the release
6. Severability: Include when parties want to ensure partial invalidity doesn't affect the entire release
1. Schedule A - Released Claims: Detailed list of specific claims being released, if too extensive for main document
2. Schedule B - Settlement Payment Details: If applicable, breakdown of any settlement amounts and payment terms
3. Schedule C - Returned Items: If applicable, inventory of items to be returned as part of the release
4. Appendix 1 - Related Agreements: List of any related agreements affected by or referenced in the release
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