Binding Settlement Agreement Template for Hong Kong

1. Non-Admission of Liability: Include when parties wish to explicitly state that the settlement does not constitute admission of liability

2. Tax Implications: Include when settlement involves significant monetary compensation or tax considerations

3. Publicity and Announcements: Include when parties need to agree on public statements about the settlement

4. Further Assurance: Include when additional documents or actions may be needed post-settlement

5. Third Party Rights: Include when settlement affects rights of third parties or to exclude third party rights

6. Severability: Include when agreement is complex and parties want to ensure partial invalidity doesn't affect whole agreement

7. Dispute Resolution: Include when parties want specific dispute resolution mechanisms for future disputes about the settlement

8. Non-Disparagement: Include when parties agree not to make negative statements about each other

1. Payment Schedule: Details of payment amounts, dates, and methods if settlement involves installment payments

2. Release Documentation: Forms of release documents to be executed

3. Court Documents: Relevant court documents to be filed to discontinue proceedings

4. Settlement Statement: Agreed form of any public statement about the settlement

5. Related Agreements: Copies of any related agreements referenced in the settlement

6. Claims Details: Detailed description of claims being settled if too lengthy for main agreement