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Standard Release Form for Philippines

Standard Release Form Template for Philippines

A Standard Release Form under Philippine law is a legally binding document that formally discharges one party from liability, claims, demands, or obligations to another party. This document, governed by the Civil Code of the Philippines and related statutes, serves as a complete and final settlement of specified claims or potential disputes. It includes essential elements such as clear identification of parties, detailed description of what is being released, consideration provided, and must typically be notarized in accordance with Philippine legal requirements to ensure its enforceability.

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What is a Standard Release Form?

The Standard Release Form is a crucial legal document used across various sectors in the Philippines when one party wishes to discharge another from specific obligations, liabilities, or claims. This document type is commonly utilized in situations involving settlements, employment terminations, property transactions, or accident claims. The form must comply with Philippine Civil Code requirements and typically requires notarization for validity. It should clearly specify the parties involved, the scope of the release, any consideration provided, and include necessary legal declarations. The document's importance lies in its ability to provide legal finality to transactions and prevent future claims related to the released matters, making it essential for risk management and dispute resolution in Philippine business and legal practice.

What sections should be included in a Standard Release Form?

1. Parties: Identification of the Releasor (person/entity giving the release) and Releasee (person/entity being released), including full legal names and addresses

2. Background: Brief context explaining the circumstances leading to the release, including any relevant incidents, claims, or disputes

3. Definitions: Key terms used in the release form, including 'Claims', 'Released Parties', and any specific terms relevant to the situation

4. Release and Discharge: Core section detailing the specific claims, rights, or obligations being released

5. Consideration: Statement of the consideration (payment or other value) being provided in exchange for the release

6. Non-Admission of Liability: Statement that the release does not constitute an admission of liability by any party

7. Governing Law: Specification that Philippine law governs the agreement

8. Execution: Signature blocks, notarization section, and date of execution

What sections are optional to include in a Standard Release Form?

1. Confidentiality: Section binding parties to keep the terms and existence of the release confidential. Used when privacy is important to one or both parties

2. Future Claims: Specific provisions about unknown future claims that may arise. Used in comprehensive settlements

3. Non-Disparagement: Prohibits parties from making negative statements about each other. Common in employment-related releases

4. Return of Property: Requirements for returning any property or documents. Used when physical items or sensitive information are involved

5. Warranties and Representations: Statements about the parties' authority to enter into the agreement and understanding of its terms. Used in more formal or high-value releases

6. Severability: Provision stating that if any part of the release is found invalid, the rest remains enforceable. Used in more complex releases

What schedules should be included in a Standard Release Form?

1. Schedule A - Released Claims: Detailed list of specific claims, rights, or causes of action being released

2. Schedule B - Released Parties: Comprehensive list of all parties covered by the release, including affiliated entities and individuals

3. Schedule C - Excluded Claims: List of any claims or rights specifically excluded from the release

4. Appendix 1 - Supporting Documents: Copies of relevant documents referenced in the release (e.g., incident reports, prior agreements)

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

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions
















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Relevant Industries

Legal Services

Insurance

Healthcare

Entertainment

Media

Education

Real Estate

Construction

Manufacturing

Retail

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Professional Services

Non-Profit

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Relevant Teams

Legal

Human Resources

Risk Management

Compliance

Operations

Corporate Affairs

Administration

Claims Processing

Document Management

Executive Leadership

Relevant Roles

Legal Counsel

Human Resources Manager

Risk Manager

Compliance Officer

Claims Adjuster

Contract Administrator

Corporate Secretary

Operations Manager

Project Manager

Business Owner

Insurance Agent

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Settlement Officer

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Chief Legal Officer

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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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