Compromise And Settlement Agreement Template for Hong Kong

1. Non-Disparagement: Used when parties wish to prevent negative statements about each other

2. Continuing Obligations: Include when certain obligations survive settlement (e.g., ongoing confidentiality duties)

3. Return of Property: Required when physical or intellectual property needs to be returned

4. Employment-Related Provisions: Used when settling employment disputes, including reference provisions

5. Resignation and Position Termination: Include when settlement involves departure from employment or board positions

6. Third Party Rights: Include when settlement affects rights of third parties under Contracts (Rights of Third Parties) Ordinance

7. Non-Admission of Liability: Optional clause stating settlement is not admission of liability

8. Future Cooperation: Used when parties need to cooperate on ongoing matters post-settlement

1. Schedule 1 - Settlement Payment Details: Detailed breakdown of settlement sum and payment schedule

2. Schedule 2 - Form of Release: Formal release document if required separately

3. Schedule 3 - List of Related Proceedings: List of all legal proceedings being settled

4. Schedule 4 - Form of Announcement: Agreed form of any public announcement regarding settlement

5. Schedule 5 - Specific Claims Being Settled: Detailed list of all claims and disputes covered by settlement

6. Schedule 6 - Form of Resignation Letter: Template resignation letter if settlement involves resignation

7. Schedule 7 - Deed of Indemnity: Form of indemnity if part of settlement terms