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Termination Of Consultancy Agreement
"I need a Termination of Consultancy Agreement for our IT consultant who has been working with us for 2 years and will complete their services on March 31, 2025; we need to include a one-month transition period and ensure proper handover of ongoing projects."
1. Parties: Identification of the company and the consultant, including their full legal names and addresses
2. Background: Reference to the original consultancy agreement, its date, and key terms, and the context for termination
3. Definitions: Definitions of key terms used in the agreement, including reference to defined terms from the original consultancy agreement
4. Termination Date: Clear specification of when the consultancy agreement will terminate or confirmation of its termination date
5. Final Fees and Expenses: Details of final payment calculations, including outstanding fees and expenses up to the termination date
6. Mutual Release: Mutual release of claims related to the consultancy agreement, subject to the terms of the termination agreement
7. Continuing Obligations: Identification of obligations that survive termination (e.g., confidentiality, intellectual property rights)
8. Return of Property: Requirements for returning company property, documents, and materials
9. Final Statements: Confirmation that this agreement represents the final settlement between parties
10. Governing Law: Confirmation of Swiss law as governing law and jurisdiction
1. Transition Services: Used when the consultant needs to provide handover or transition services after the termination date
2. Post-Termination Restrictions: Include when there are specific non-compete or non-solicitation provisions that need to be addressed or modified
3. Reference and Announcements: Include when parties want to agree on how the termination will be communicated externally and what references may be provided
4. Tax Indemnity: Include when there are specific tax implications that need to be addressed, particularly for international consultancy arrangements
5. Dispute Resolution: Include when parties want to specify particular dispute resolution mechanisms beyond standard court jurisdiction
6. Insurance and Liability: Include when there are specific ongoing insurance or liability matters that need to be addressed
7. Data Protection: Include when the consultancy involved significant personal data processing or when specific data protection obligations need to be addressed
1. Schedule of Outstanding Payments: Detailed breakdown of all outstanding fees, expenses, and final payments
2. Company Property Inventory: List of all company property, documents, and materials to be returned
3. Ongoing Projects Schedule: List of projects requiring handover or completion, with status and handover requirements
4. Intellectual Property Register: Register of IP created during the consultancy and its ownership status
5. Confidential Information Schedule: Specific listing of confidential information that the consultant has had access to
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Technology
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Management Consulting
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Finance
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Project Management Office
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Chief Executive Officer
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HR Director
Procurement Manager
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Department Head
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Contract Manager
Business Unit Director
General Counsel
HR Manager
Finance Director
Commercial Director
Risk Manager
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