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1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and any registration numbers for companies
2. Background: Recitals explaining the existing agreement(s) being terminated, the relationship between the parties, and their mutual desire to terminate and release each other
3. Definitions: Key terms used throughout the agreement, including 'Effective Date', 'Original Agreement', 'Claims', and 'Release'
4. Mutual Rescission: Clear statement of the parties' agreement to terminate the Original Agreement and the effective date of termination
5. Effect of Termination: Detailed description of what happens upon termination, including cessation of obligations and rights
6. Mutual Release: Comprehensive release provisions where each party releases the other from claims related to the Original Agreement
7. Return of Property: Obligations regarding the return or destruction of confidential information, materials, or property
8. Payment and Settlement: Any final payments, settlements, or financial adjustments between the parties
9. Surviving Provisions: Identification of any provisions from the Original Agreement that will survive termination
10. Representations and Warranties: Basic representations about authority to enter agreement and understanding of its effects
11. Governing Law: Specification of Indonesian law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution requirements
1. Non-Disparagement: Mutual agreements not to make negative statements about each other, often included in sensitive commercial or employment terminations
2. Confidentiality: Obligations to keep the terms of the rescission agreement confidential, if required
3. Tax Provisions: Specific provisions about tax implications and responsibilities, particularly relevant for high-value settlements
4. Further Assurance: Commitment to execute additional documents if needed, useful for complex terminations
5. Specific Exclusions: List of specific claims or rights that are not being released, needed when certain matters should be preserved
6. Employee Benefits: Specific provisions about ongoing benefits or obligations if the agreement involves employment relationships
7. Dispute Resolution: Detailed alternative dispute resolution procedures, recommended for international or high-value agreements
1. Schedule 1 - Original Agreement(s): Copy or list of all agreements being terminated
2. Schedule 2 - Settlement Payment Details: Breakdown of any settlement payments, including payment schedule if applicable
3. Schedule 3 - Property Return Schedule: List of items to be returned by each party with timeline
4. Schedule 4 - Surviving Obligations: Detailed list of specific obligations that survive termination
5. Appendix A - Release Specifics: Detailed description of specific claims being released, if any
6. Appendix B - Form of Public Announcement: If required, agreed form of any public statements about the termination
Manufacturing
Technology
Real Estate
Construction
Retail
Financial Services
Professional Services
Healthcare
Education
Energy
Mining
Agriculture
Transportation
Telecommunications
Hospitality
Legal
Executive Leadership
Human Resources
Finance
Operations
Commercial
Risk & Compliance
Procurement
Business Development
Project Management
Chief Executive Officer
Managing Director
Chief Legal Officer
Legal Counsel
Contract Manager
Business Development Manager
Human Resources Director
Chief Financial Officer
Operations Director
Project Manager
Procurement Manager
Commercial Director
Risk Manager
Compliance Officer
General Manager
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