Money Settlement Agreement Template for Hong Kong

1. Installment Payment Terms: Used when the settlement amount is to be paid in installments rather than as a lump sum

2. Security Arrangements: Include when any form of security is provided for the settlement payments

3. Tax Provisions: Required when there are specific tax implications or allocations to be addressed

4. Non-Admission of Liability: Optional clause stating that the settlement does not constitute admission of liability

5. Default and Acceleration: Include when there are specific consequences for payment defaults

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

7. Third Party Rights: Include when the agreement affects rights of parties not signing the agreement

1. Payment Schedule: Detailed breakdown of payment amounts and due dates if multiple payments are involved

2. Bank Account Details: Separate schedule for payment routing and account information for security purposes

3. Related Claims: List of specific claims or proceedings being settled

4. Security Documents: Copies or details of any security arrangements if applicable

5. Form of Release: Template for any formal release documents to be executed upon payment

6. Calculation of Interest: Schedule showing interest calculations if applicable to the settlement