Claim Settlement Agreement And Release

The transaction agreement contains a provision explaining the confidentiality obligations and the parties generally agree that the terms of the settlement agreement must remain confidential. Still, think about whether you want to share the existence of the settlement agreement with other parties to the agreement. For example, you may want your customers or certain business partners to be notified of billing on the account. As a general rule, confidentiality rules also allow disclosure, to the extent required by law, regulation or court order. It is also important to specify in the settlement agreement whether the release of mutual claims takes place. CONSIDERING that the parties to the dispute have agreed to settle and settle by mutual agreement the rights and defences in the dispute; and normally, the parties to a settlement agreement would be the parties to the contracts at issue or the parties to the ongoing dispute or arbitration. . . .

Comments are closed.