General Release

General Release Template for Malaysia

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Key Requirements PROMPT example:

"I need a General Release agreement under Malaysian law to resolve an employment dispute with a former senior executive, including confidentiality provisions and covering all claims up to January 15, 2025, with a settlement payment of RM 500,000."

Document background

The General Release agreement is a crucial legal instrument in Malaysian business and personal affairs, used to formally resolve disputes and prevent future litigation. This document is typically employed following settlements, business separations, employment terminations, or any situation where parties wish to conclusively resolve all claims between them. Under Malaysian law, it must comply with the Contracts Act 1950 and related legislation, ensuring proper consideration and clear expression of the parties' intent to release claims. The document typically includes comprehensive definitions of released matters, appropriate warranties, and specific provisions required by Malaysian law to make it enforceable. It serves as a vital risk management tool, providing certainty and finality to disputes or potential claims.

Suggested Sections

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 release, including reference to any disputes, claims, or circumstances leading to the release

3. Definitions: Key terms used in the agreement, including 'Claims', 'Effective Date', 'Released Matters', and other relevant definitions

4. Release and Discharge: Core provision detailing the scope of the release, specifically what claims, rights, and obligations are being released

5. Consideration: Details of the consideration being provided in exchange for the release

6. Representations and Warranties: Statements by the releasor regarding their authority to give the release and understanding of its implications

7. Further Assurance: Obligation to execute further documents or take additional actions if needed to give effect to the release

8. Governing Law and Jurisdiction: Specification that Malaysian law governs the agreement and designation of Malaysian courts' jurisdiction

9. Entire Agreement: Confirmation that this document represents the complete agreement between the parties regarding the released matters

Optional Sections

1. Confidentiality: Required when parties wish to keep the existence or terms of the release confidential

2. Non-Admission of Liability: Used when the releasee wishes to explicitly state that the release does not constitute admission of any liability

3. Third Party Rights: Needed when the release extends to related entities or when third party rights need to be addressed

4. Severability: Optional clause addressing the scenario where any provision becomes invalid or unenforceable

5. Settlement Terms: Required when the release is part of a broader settlement agreement with specific performance obligations

6. Return of Property: Needed when there is physical or intellectual property to be returned as part of the release

7. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

Suggested Schedules

1. Schedule 1 - Details of Released Claims: Comprehensive list of specific claims, disputes, or matters being released

2. Schedule 2 - Related Entities: List of affiliated entities or persons covered by the release when applicable

3. Schedule 3 - Settlement Payment Details: Payment terms and arrangements if monetary consideration is involved

4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the release or supporting the released matters

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

alex.den.21@genieai.co

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