Settlement Agreement And Release Of All Claims Template for Hong Kong

1. Non-Disparagement: Mutual obligations not to make negative statements about other parties, often used in high-profile or employment-related settlements

2. Continuing Obligations: Details any ongoing obligations that survive settlement, used when parties have continuing relationships

3. Tax Implications: Addresses responsibility for tax consequences of the settlement payment, important for large settlements

4. Return of Property: Provisions for returning documents or property, particularly relevant in employment or commercial disputes

5. Future Cooperation: Requirements for future cooperation between parties, used when ongoing matters require cooperation

6. Third Party Rights: Addresses rights of third parties under the Contracts (Rights of Third Parties) Ordinance

7. Resignation and References: Used in employment-related settlements to address employment termination and future references

8. Enforcement: Additional provisions regarding enforcement mechanisms, used in complex or high-value settlements

1. Schedule 1 - Payment Terms: Detailed payment schedule, installment terms, and payment mechanisms

2. Schedule 2 - Released Claims: Comprehensive list of specific claims being released

3. Schedule 3 - Required Actions: List of specific actions parties must take to implement the settlement

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

5. Schedule 5 - Related Proceedings: List of legal proceedings to be discontinued

6. Appendix A - Form of Release: Standard form release document if separate releases are required

7. Appendix B - Form of Resignation Letter: Template resignation letter for employment-related settlements

8. Appendix C - Settlement Sum Tax Allocation: Breakdown of settlement sum for tax purposes