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1. Parties: Identification of the releasing party (Verzichtender) and the released party (Begünstigter), including full legal names, addresses, and any relevant registration numbers
2. Background: Brief description of the circumstances leading to the release, including any relevant incidents, claims, or disputes
3. Definitions: Definition of key terms used in the document, particularly the scope of claims being released
4. Receipt Acknowledgment: Explicit acknowledgment of the receipt of consideration (payment or other value) with specific amount and payment details
5. Release Provisions: Detailed description of the claims, rights, and causes of action being released, including temporal scope
6. Representations and Warranties: Statements by the releasing party regarding their authority to grant the release and understanding of its implications
7. Governing Law: Specification that Austrian law governs the agreement
8. Execution: Formal execution block complying with Austrian requirements, including date and signatures
1. Confidentiality: Terms regarding confidentiality of the settlement and release, used when parties wish to maintain privacy about the agreement
2. Tax Implications: Section addressing tax consequences of the payment, particularly relevant for larger settlements
3. Future Claims: Specific provisions regarding unknown future claims, used when parties want to ensure comprehensive coverage of potential future issues
4. Non-Disparagement: Mutual or unilateral agreements not to make negative statements, included when reputation protection is important
5. Return of Property: Provisions regarding return of any property or documents, relevant in employment or business relationship contexts
6. Severability: Clause ensuring remaining provisions stay valid if part of agreement is found invalid, used in more complex releases
1. Schedule A - Payment Details: Detailed breakdown of any payment or consideration being provided
2. Schedule B - Released Claims: Itemized list of specific claims being released, particularly useful in complex disputes
3. Schedule C - Excluded Claims: List of any claims specifically excluded from the release, if applicable
4. Appendix 1 - Supporting Documents: Copies of relevant documents referenced in the release (e.g., incident reports, prior agreements)
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Administrative Services
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