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Company Release Form Template for Austria

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Key Requirements PROMPT example:

Company Release Form

"I need a Company Release Form under Austrian law to release a former software development contractor from all claims and obligations following the completion of our project on March 15, 2025, including specific provisions for intellectual property rights and confidentiality."

What is a Company Release Form?

The Company Release Form is a crucial legal document used in Austrian business practice when a company needs to formally discharge another party from specific claims, liabilities, or obligations. This document is particularly relevant in scenarios such as settlement of disputes, conclusion of business relationships, or re红杏直播 of employment matters. The form must comply with Austrian corporate law requirements, including the ABGB (Austrian Civil Code) and UGB (Commercial Code), while also adhering to EU regulations where applicable. It typically includes detailed provisions about the scope of release, consideration, and necessary corporate authorizations. The Company Release Form serves as a vital risk management tool, providing legal certainty and documentation of the release arrangement while protecting both parties' interests under Austrian jurisdiction.

What sections should be included in a Company Release Form?

1. Parties: Identification of the releasing party (company) and the releasee, including full legal names, registration numbers, and addresses

2. Background: Context of the relationship between parties and purpose of the release

3. Definitions: Key terms used throughout the document, including 'Released Claims', 'Effective Date', and other relevant definitions

4. Scope of Release: Detailed description of what claims, rights, or obligations are being released

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

6. Representations and Warranties: Statements confirming the authority to enter into the release and understanding of its implications

7. Data Protection Compliance: GDPR and DSG compliance statements regarding any personal data processing

8. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction for disputes

9. Execution: Signature blocks and execution requirements

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

1. Non-Disparagement: Used when parties wish to include mutual obligations not to make negative statements about each other

2. Confidentiality: Include when the release covers confidential information or terms should remain private

3. Intellectual Property Rights: Required when the release involves any IP rights or creative works

4. Employee-Specific Provisions: Include when the release involves employment relationships

5. Future Claims: Optional section explicitly addressing potential future claims

6. Return of Property: Include when physical or digital property needs to be returned

7. Third Party Rights: Include when the release affects rights of third parties

8. Severability: Optional clause on the independence of provisions

What schedules should be included in a Company Release Form?

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

2. Schedule 2 - Excluded Claims: List of claims specifically excluded from the release

3. Schedule 3 - Company Assets: Inventory of any company property or assets involved in the release

4. Appendix A - Corporate Authorizations: Copies of relevant corporate authorizations or board re红杏直播s

5. Appendix B - Related Agreements: List and/or copies of related agreements affected by the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ 红杏直播 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























Clauses

























Relevant Industries

Legal Services

Manufacturing

Professional Services

Technology

Financial Services

Healthcare

Construction

Retail

Education

Real Estate

Media and Entertainment

Transportation and Logistics

Energy and Utilities

Telecommunications

Consulting Services

Relevant Teams

Legal

Compliance

Human Resources

Risk Management

Corporate Governance

Executive Leadership

Finance

Operations

Administrative

Business Development

Relevant Roles

Legal Counsel

Corporate Secretary

Chief Legal Officer

Risk Manager

Compliance Officer

Human Resources Director

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Contract Manager

General Counsel

Board Director

Managing Director

Operations Manager

Company Administrator

Industries








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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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