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1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the relationship between parties and circumstances leading to the release
3. Definitions: Definitions of key terms used throughout the agreement
4. Mutual Release: Core provisions where each party releases the other from claims
5. Consideration: Details of any payment or value exchange that supports the release
6. Representations and Warranties: Statements by each party about their authority and capacity to enter into the agreement
7. Non-Admission of Liability: Statement that the agreement does not constitute admission of wrongdoing by either party
8. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction
9. Entire Agreement: Confirmation that this document represents the complete agreement between parties
10. Execution: Signature blocks and execution requirements
1. Confidentiality: Obligations to keep the agreement and its terms confidential - used when sensitive information is involved
2. Non-Disparagement: Mutual agreements not to make negative statements about each other - useful in employment or public-facing disputes
3. Return of Property: Provisions for returning any relevant property or documents - needed when physical items or documents are involved
4. Cooperation: Requirements for parties to cooperate in implementing the release - useful in complex situations
5. Tax Implications: Clarification of tax responsibilities - needed when monetary consideration is involved
6. Future Claims: Treatment of potential future claims - useful in complex ongoing relationships
7. Severability: Provision for partial invalidity - recommended for complex agreements
1. Schedule A - Details of Released Claims: Specific list or description of claims being released
2. Schedule B - Payment Terms: Details of any monetary consideration and payment schedule
3. Schedule C - Related Parties: List of affiliated entities or individuals covered by the release
4. Appendix 1 - Relevant Documents: List of any agreements or documents referenced in the release
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