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1. Parties: Identification of all parties to the termination agreement, including the original management agreement parties
2. Background: Brief recital of the original management agreement and circumstances leading to termination
3. Definitions: Definitions of key terms used in the termination agreement, including reference to definitions from the original agreement
4. Termination Date: Specific date and time when the management agreement will terminate
5. Mutual Release: Provisions for mutual release of claims and obligations between the parties
6. Settlement of Accounts: Details of final payments, reconciliation of accounts, and financial settlements
7. Return of Property: Requirements for return of company property, documents, and data
8. Confidentiality Obligations: Ongoing confidentiality obligations post-termination
9. Non-Disparagement: Mutual agreements regarding non-disparagement
10. Surviving Provisions: Identification of provisions from original agreement that survive termination
11. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction
12. Entire Agreement: Standard entire agreement clause
13. Execution: Signature blocks and execution details
1. Transition Services: Required when there needs to be a handover period or transition of management services
2. Non-Compete Obligations: Include when there are post-termination competitive restrictions
3. Third Party Rights: Required when third parties have rights under the original agreement that need addressing
4. Tax Provisions: Include when there are specific tax implications or requirements to be addressed
5. Insurance: Include when there are specific insurance matters to be addressed post-termination
6. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard jurisdiction clause
7. Public Announcements: Include when parties need to agree on public communications about the termination
1. Schedule 1 - Original Management Agreement: Copy or details of the agreement being terminated
2. Schedule 2 - Settlement Calculations: Detailed breakdown of final payments and financial settlements
3. Schedule 3 - Company Property Inventory: List of all property and materials to be returned
4. Schedule 4 - Transition Plan: If applicable, detailed plan for transition of management services
5. Schedule 5 - Outstanding Obligations: List of any continuing obligations or responsibilities
6. Appendix A - Form of Public Announcement: If applicable, agreed form of any public statements
7. Appendix B - Handover Documentation: Templates or forms for documenting the handover process
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