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Limited Release Settlement Agreement
"I need a Limited Release Settlement Agreement to resolve a contractual dispute with our software supplier regarding a failed implementation project, while preserving our rights to pursue separate claims relating to ongoing maintenance services, with settlement payment of £150,000 to be made by March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the dispute and reason for settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and timing
5. Release Provisions: Specific claims being released and extent of release
6. Confidentiality: Terms regarding confidentiality of settlement and dispute
7. Governing Law: Specification of applicable law and jurisdiction
1. Non-disparagement: Mutual agreements not to make negative statements about the other party - used when reputation management is important
2. Tax Provisions: Treatment of settlement payments for tax purposes - used when settlement involves significant monetary compensation
3. Future Cooperation: Terms for ongoing relationship or obligations - used when parties need to maintain business relationship
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Payment Schedule: Breakdown of settlement payments and timing - used for staged payments
3. Related Agreements: List of other agreements affected by settlement - used when settlement impacts multiple contracts
Authors
Claim
Confidential Information
Dispute
Effective Date
Excluded Claims
Loss
Parties
Released Claims
Released Matters
Released Party
Releasing Party
Settlement Payment
Settlement Sum
Specified Claims
Third Party Rights
Working Day
Representatives
Related Entities
Governing Law
Jurisdiction
Material Breach
Affiliate
Business Day
Completion Date
Definitions
Settlement Terms
Payment Obligations
Released Claims
Excluded Claims
Confidentiality
Non-Admission of Liability
Warranties and Representations
Release and Waiver
Third Party Rights
Entire Agreement
Severability
Variation
Assignment
Notices
Further Assurance
Costs
Non-Disparagement
Tax Treatment
Governing Law
Jurisdiction
Counterparts
Authority to Execute
Breach and Remedies
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