RELEASE, WAIVER AND QUITCLAIM - Sample

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REPUBLIC OF THE PHILIPPINES )

_________________________________ ) S.S.

AFFIDAVIT OF WAIVER,
RELEASE, QUITCLAIM and UNDERTAKING

I, _____________________, of legal age, Filipino, with residential


address at _____________________________________ after having been duly
sworn in accordance with law, do hereby execute this Release, Waiver
and Quitclaim in favor of _____________________and in support thereof,
respectfully state:

1. I hereby acknowledge the receipt of the amount of


___________________ (Php_________________________, Philippine currency,
from ______________________________. This whole amount represents my
entire retirement claim, and aside from this amount, I do not have any
other billing, claim, dues, liens, action or causes of action whatsoever, at
law or in equity, arising from, relate to and in connection with my
employment relations with the _____________________________, its officers,
directors, stockholders or employees.

2. In consideration of the above payment, I hereby release,


waive, quitclaim and forever discharge ______________________, and all its
officers, directors, stockholders or employees, from all causes of action,
claims, demands obligations debts and liabilities (including without
limitation, past, present or future, past, present or future, actual or
consequential damages), of any kind or character whatsoever, in law,
equity or otherwise, which in any way may arise out of, or are related to or
connected with, directly or indirectly to my retirement claim or
employment.

3. I hereby undertake that this Release, Waiver & Quitclaim shall


remain private and shall not be divulged to third party and this
undertaking shall likewise forever bind myself, my assigns and successors-
in-interest, administrators, executors as the case may be.

4. I hereby also warrant that I shall not file, nor authorize any person
to file, any case or claim on my behalf in connection with my retirement
claim or employment with ____________________________ and its officer,
directors, or employees and any contracts, agreements (written or
otherwise).
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5. Furthermore, I hereby warrant that I shall at all times keep
confidential or shall not use or disclose all/any business strategy, plans,
systems, programs, documents or information which I may have acquired
in relation to my employment with ____________________________ or from its
officer, directors, or employees, and any contracts, agreements,
transactions from its clients, associates, or business affairs.

6. Lastly, I hereby undertake to cooperate fully in the turn-over of


my accountabilities, or properties, pending transactions, documents
under my responsibility to the authorized representative of
_______________________________.

AFFIANT FURTHER SAYETH NAUGHT.

IN WITNESS WHEREOF, I hereunto set my hand at _________________,


this ___ day of ______________, 2020.

____________________________
Affiant

SIGNED IN THE PRESENCE OF:

_________________________________ _________________________________

SUBSCRIBED AND SWORN to before me this ___day of ________ 2019


at _______________, Metro Manila, affiant exhibited to me his___________
with No. ____________________ issued by ______________ on _____________.

Doc. No. : ______;


Page No. : ______;
Book No. : ______;
Series of 2020.

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