Note:
This is only
a sample Release, Waiver and Quitclaim.
It could be subject to modifications to suit the purpose/s of its
execution and requirements of the parties.
It is advisable that before an execution of any legal document, one must
seek legal advice or assistance from a Lawyer.
Release/Waiver/Quitclaim
in relation to employment contracts is an
intentional and voluntary giving-up, relinquishment or surrender of some known
right. (Legal Dictionary, Gifis)
(Sample Affidavit
of Quitclaim in relation to an execution of Judgment)
REPUBLIC OF THE PHILIPPINES)
Quezon City ) S.S.
AFFIDAVIT
OF QUIT CLAIM
I,
MAY BUKANGLIWAYWAY, Filipino, of legal age, married, with office
address at Unit 70, 1228 Love Me Well Building, Wag Paasa, Quezon City, having
been duly sworn in accordance with law, hereby depose and state that:
1.
I am the President and authorized representative of MABUHAY Corporation;
2.
A Decision was rendered by the Regional Trial
Court of Pasig City, Branch 35 on June 18, 2013 in a case entitled MABUHAY
Corporation vs. Maginhawa Corporation and which became final and executory on January
18, 2014;
3.
A Writ of Execution dated 18 June 2014 was issued
by the Regional Trial Court Branch 35 ordering to seize goods and chattels of the defendants
in the said case and make the sale thereof in accordance with law to satisfy the
judgment in favor of Mabuhay Corporation;
4.
Whereas, the Board of Directors on September 28,
2014 approved the settlement of the loan granted to Maginhawa Corporation
represented by its President Maganda Kho in the amount of FIVE MILLION PESOS (Php5,000,000.00);
5.
Whereas, Maganda Kho fully paid the amount of FIVE
MILLION PESOS (Php5,000,000.00) on February 11, 2015 as the full settlement of its loan obligation to MABUHAY Corporation;
and
6.
That by virtue of the foregoing, I hereby
voluntarily and knowingly quitclaim, release, discharge and/or waive any and
all actions and rights subsisting, expected, real or apparent which MABUHAY
Corporation may have against Maginhawa Corproation, its successors and
assignees, its President, directors, officers and employees and hold them free
from obligations, claims and other rights of action, monetary or otherwise,
pertaining to any claim or action which I may have by virtue of my disinterest
in the purchase of and waiver of whatever amount is due me over the purchase of
the above-cited properties; and
7.
That I am executing this affidavit to attest to
the truthfulness of the foregoing facts and for whatever legal purpose this may
serve.
IN
WITNESS WHEREOF, I have hereunto signed in my name this ____ day of __________,
2015, Pasig City.
MAY
BUKANG LIWAYWAY
President
Signed
in the Presence of:
_______________________ ______________________
JURAT
SUBSCRIBED AND SWORN to before me,
this _____ in Quezon City affiant
exhibiting to me his ____________________ issued on ___________ at
_____________________.
WITNESS
MY HAND AND SEAL.
NOTARY
PUBLIC
Doc. No. ______;
Page No. ______;
Book No. ______;
Series of 2015.
