Confidentiality Settlement Agreement For Legal Proceeding Example - Free Download
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Confidentiality Settlement Agreement For Legal Proceeding Example
Confidentiality Settlement Agreement For Legal Proceeding Example
Copyright © 2011 Practical Law Publishing Limited and Practical Law Company, Inc. All Rights Reserved.
A sample agreement between two or more parties settling a pending
lawsuit and releasing future claims. This Standard Document has
integrated notes with important explanations and drafting tips.
SETTLEMENT AGREEMENT AND RELEASE
This [Confidential] Settlement Agreement and Release (this “Agreement”) is entered into as of [DATE]
by and between (a) [NAME OF PARTY A] (“DEFINE PARTY A”) and (b) [NAME OF PARTY B] (“DEFINE
PARTY B”). Collectively, [PARTY A] and [PARTY B] shall be referred to as the “Parties”.
BACKGROUND
WHEREAS [DESCRIBE ORIGIN OF DISPUTE AND/OR LITIGATION BETWEEN THE PARTIES].
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, and intending to be legally bound hereby, [PARTY A] and [PARTY B] hereby agree as follows:
This Standard Document is published by Practical
Law Company and is available on the
PLC
Law
Department web service at http://us.practicallaw.
com/2-503-1929.
Settlement Agreement
and Release: A US Ex-
ample
Jeremy A. Mercer,
Fulbright & Jaworski L.L.P. and
Evan A. Bloch, Pepper Hamilton
LLP
General
This is an example of a settlement agreement and release that may serve as a useful starting point
when drafting this type of agreement. To ensure that a settlement agreement and release achieves the
parties’ intended purpose, counsel should tailor it to the particular circumstances of the matter at issue.
For additional information on the key issues to consider whenever entering into a settlement agreement,
see Settlement Agreement Drafting Issues Checklist (www.practicallaw.com/2-501-1790).
DRAFTING NOTE
Background
In this background section, include a series ofWHEREASclauses that explain the beginning of the
dispute or litigation or both between the parties, concluding with theNOW, THEREFORE” clause.
DRAFTING NOTE
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