The Full Release Form is a critical legal instrument in Indian business and personal matters, used when parties wish to achieve a complete and final settlement of all claims, known or unknown, between them. This document is commonly utilized in various situations including employment terminations, settlement of disputes, conclusion of business relationships, or resolution of personal injury claims. The form must comply with Indian contract law requirements, particularly the Indian Contract Act, 1872, and should be properly stamped as per applicable state stamp laws. It typically includes comprehensive release language, consideration details, and various legal protections for both parties. The document's primary purpose is to prevent future litigation or claims relating to the released matters, providing certainty and closure for all involved parties.
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1. Parties: Identification of the Releasor (party giving the release) and Releasee (party being released), including full legal names and addresses
2. Background: Brief context of the relationship between parties and circumstances leading to the release
3. Definitions: Key terms used in the agreement, including 'Claims', 'Released Matters', 'Effective Date', etc.
4. Consideration: Details of the consideration being provided in exchange for the release
5. Release and Discharge: Core section detailing the scope of the release, what claims are being released, and the extent of the discharge
6. No Admission of Liability: Statement that the release does not constitute an admission of liability by any party
7. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of its implications
8. Governing Law and Jurisdiction: Specification that Indian law governs the agreement and designation of jurisdiction for disputes
9. Execution: Signature blocks, witness requirements, and execution date
1. Confidentiality: Required when parties wish to keep the existence or terms of the release confidential
2. Surviving Obligations: Needed when certain obligations between parties continue despite the release
3. Return of Property: Include when there is physical or intellectual property to be returned between parties
4. Non-Disparagement: Optional clause preventing parties from making negative statements about each other
5. Future Cooperation: Include when parties need to cooperate on ongoing matters or future requirements
6. Tax Implications: Required when the release involves significant monetary consideration or tax implications
7. Severability: Optional legal protection clause ensuring partial invalidity doesn't void entire agreement
1. Schedule A - Released Claims: Detailed list of specific claims, disputes, or matters being released
2. Schedule B - Excluded Claims: List of any specific claims or rights explicitly excluded from the release
3. Schedule C - Payment Details: If applicable, breakdown of any settlement amounts or payment terms
4. Appendix 1 - Related Entities: List of affiliated entities or persons covered by the release
5. Appendix 2 - Supporting Documents: Copies of relevant documents referenced in the release
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Relevant Teams
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