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Release Form For Property Damage Injury
"I need a Release Form for Property Damage and Injury to settle a claim with a contractor who accidentally damaged my retail store's front window and injured a customer during renovation work on March 15, 2025; the settlement amount is 500,000 PHP and will be paid by their insurance company."
1. Parties: Identifies and provides complete details of the Releasor (person giving the release) and Releasee (person being released from liability)
2. Background: Describes the incident that led to the property damage and/or injury, including date, location, and nature of the incident
3. Definitions: Defines key terms used in the agreement such as 'Claims', 'Incident', 'Released Parties', etc.
4. Consideration: States the amount or other valuable consideration being provided in exchange for the release
5. Release and Discharge: Core section detailing the scope of the release, specifically what claims are being released and who is being released
6. No Admission of Liability: Statement that the payment and acceptance of consideration does not constitute an admission of liability
7. Representation and Warranties: Confirms that the Releasor has the authority to grant the release and understands its implications
8. Governing Law: Specifies that Philippine law governs the agreement
9. Execution: Signature block with date and witness provisions
1. Confidentiality: Include when parties wish to keep the terms of settlement confidential
2. Future Medical Expenses: Include when there's a possibility of future medical expenses related to the injury
3. Insurance Claims: Include when insurance companies are involved in the settlement
4. Non-Disparagement: Include when parties agree not to make negative statements about each other
5. Severability: Include when parties want to ensure that if one part of the agreement is found invalid, the rest remains enforceable
6. Return of Property: Include when there is property that needs to be returned as part of the settlement
1. Schedule A - Incident Report: Detailed description of the incident including photos, police reports, or other documentation
2. Schedule B - Damage Assessment: Documentation of property damage and/or medical reports related to injuries
3. Schedule C - Payment Details: Details of the settlement amount and payment terms if applicable
4. Schedule D - Insurance Documentation: Copies of relevant insurance policies or claim documentation if applicable
Authors
Real Estate
Construction
Manufacturing
Retail
Hospitality
Education
Healthcare
Transportation
Insurance
Property Management
Facilities Management
Warehousing
Logistics
Mining
Agriculture
Legal
Risk Management
Compliance
Operations
Facilities Management
Human Resources
Insurance
Property Management
Health and Safety
Administrative Services
Risk Manager
Legal Counsel
Claims Adjuster
Facility Manager
Property Manager
Safety Officer
Compliance Officer
Insurance Manager
Operations Manager
Human Resources Manager
General Counsel
Corporate Secretary
Legal Administrator
Risk Assessment Officer
Claims Manager
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