Contract Dispute Settlement Agreement Template for Hong Kong

1. Non-Admission of Liability: Statement that the settlement does not constitute an admission of liability by any party - used when specifically requested by one or both parties

2. Non-Disparagement: Mutual obligations not to make negative statements about other parties - important for commercial relationships or public figures

3. Future Cooperation: Terms regarding ongoing business relationship or future cooperation - used when parties intend to continue their business relationship

4. Insurance and Indemnity: Provisions regarding insurance claims and indemnification - relevant when insurance companies are involved or future indemnification is required

5. Publicity and Announcements: Rules for public statements about the settlement - important for high-profile cases or listed companies

6. Severability: Provision for survival of remaining clauses if any clause is found invalid - used in complex settlements with multiple independent obligations

1. Schedule 1 - Payment Terms: Detailed breakdown of settlement payments, including amounts, dates, and payment methods

2. Schedule 2 - Original Contract: Copy or summary of the original contract that gave rise to the dispute

3. Schedule 3 - Dispute Timeline: Chronological summary of key events in the dispute

4. Schedule 4 - Release Documentation: Forms and notices required to formally document the release of claims

5. Schedule 5 - Required Actions: Detailed list of specific actions to be taken by each party as part of the settlement

6. Appendix A - Form of Announcement: Template for any agreed public announcements about the settlement

7. Appendix B - Related Companies: List of affiliated companies covered by the settlement terms