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General Release Of All Claims Form for Austria

General Release Of All Claims Form Template for Austria

This is a comprehensive legal document governed by Austrian law, specifically aligned with the Austrian Civil Code (ABGB), that provides for the complete release of all claims, known and unknown, between parties. The document serves as a formal waiver of rights to pursue any legal claims related to specific incidents, transactions, or relationships. It includes detailed provisions for consideration, representations and warranties, and specific claims being released, while ensuring compliance with Austrian legal requirements for valid contracts and releases. The document can be customized to address various situations, from employment disputes to commercial settlements, while maintaining its enforceability under Austrian jurisdiction.

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What is a General Release Of All Claims Form?

The General Release Of All Claims Form is a critical legal instrument used in Austrian legal practice to formally and definitively settle disputes between parties. This document is typically employed when parties wish to achieve a complete resolution of all existing and potential claims arising from specific circumstances, transactions, or relationships. It is particularly valuable in situations involving employment terminations, commercial dispute resolutions, personal injury settlements, or business relationship conclusions. The document must comply with Austrian Civil Code (ABGB) requirements and often includes specific consideration details, comprehensive release language, and various representations and warranties. It serves as a binding agreement that prevents future litigation on released matters, providing certainty and closure for all involved parties. The form's versatility makes it applicable across various sectors while maintaining its core purpose of providing a complete and final settlement of claims.

What sections should be included in a General Release Of All Claims Form?

1. Parties: Identification of the Releasing Party (Releasor) and Released Party (Releasee), including full legal names and addresses

2. Background: Brief context of the dispute or circumstances leading to the release

3. Definitions: Key terms used in the release, including 'Claims', 'Released Parties', and other relevant definitions

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

5. Release: Comprehensive description of claims being released, including known and unknown claims

6. No Admission of Liability: Statement that the release does not constitute an admission of liability

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

8. Governing Law: Specification of Austrian law as governing law and jurisdiction

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

10. Execution: Signature blocks and date of execution

What sections are optional to include in a General Release Of All Claims Form?

1. Confidentiality: Include when parties wish to keep the terms of the release confidential

2. Return of Property: Include when physical or intellectual property needs to be returned as part of the settlement

3. Non-Disparagement: Include when parties agree not to make negative statements about each other

4. Tax Implications: Include when the settlement amount has significant tax implications

5. Future Cooperation: Include when parties need to specify any ongoing obligations or cooperation

6. Severability: Include when parties want to ensure partial enforceability if some provisions are invalid

7. Employment-Specific Provisions: Include when release involves employment-related claims

8. Data Protection Provisions: Include when personal data processing is involved

What schedules should be included in a General Release Of All Claims Form?

1. Schedule A - Specific Claims: Detailed list of specific claims, incidents, or matters being released

2. Schedule B - Excluded Claims: List of any claims specifically excluded from the release

3. Schedule C - Payment Schedule: If consideration is paid in installments, details of payment timeline

4. Appendix 1 - Related Entities: List of additional parties covered by the release (e.g., subsidiaries, officers, directors)

5. Appendix 2 - Relevant Documents: List of any referenced documents or agreements that form part of the release context

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

Jurisdiction

Austria

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions






























Clauses






























Relevant Industries

Legal Services

Insurance

Banking and Finance

Manufacturing

Construction

Healthcare

Technology

Real Estate

Retail

Professional Services

Transportation

Education

Energy

Telecommunications

Public Sector

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Executive Leadership

Finance

Operations

Administrative

Corporate Governance

Claims Processing

Relevant Roles

Legal Counsel

Human Resources Director

Risk Manager

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Operations Manager

Human Resources Manager

General Manager

Department Head

Settlement Officer

Claims Manager

Corporate Secretary

Business Development Manager

Contract Administrator

Industries







Teams

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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