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Contractors Release Form
"I need a Contractors Release Form for a software developer who completed a 12-month project on January 15, 2025, including provisions for the transfer of intellectual property rights and final milestone payment of £10,000."
1. Parties: Identification of contracting parties and their details
2. Background: Context of the contractor relationship and reason for release
3. Definitions: Key terms used throughout the document
4. Release Provisions: Specific terms of release and mutual discharge of obligations
5. Consideration: Details of any payment or consideration for the release
6. Governing Law: Specification of England and Wales as governing jurisdiction
1. Confidentiality: Ongoing confidentiality obligations post-release, used when sensitive information was handled during contract
2. Intellectual Property Rights: Transfer or retention of IP rights, used when IP was created during the contract period
3. Non-Compete: Ongoing restrictions on competition, used when protecting business interests post-release
4. Tax Indemnity: Protection against tax liabilities, used when IR35 or tax implications are relevant
1. Schedule 1 - Original Contract: Copy of the original contractor agreement being released
2. Schedule 2 - Payment Schedule: Details of any final payments or settlement amounts
3. Schedule 3 - Asset Register: List of any company property to be returned
4. Schedule 4 - IP Register: Schedule of intellectual property rights being transferred or retained
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