Settlement Agreement Contract Template for Hong Kong

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

2. Ongoing Obligations: Details of any continuing obligations between the parties, used when settlement involves future performance

3. Regulatory Compliance: Specific provisions regarding regulatory approvals or compliance, needed for regulated industries

4. Third Party Rights: Provisions regarding rights of third parties under the Contract (Third Parties) Ordinance, used when third party rights are relevant

5. Intellectual Property: Provisions dealing with IP rights and licenses, included when IP is part of the settlement

6. Non-Competition: Restrictions on future competitive activities, typically in commercial or employment settlements

7. Return of Property: Provisions for returning documents or property, used when physical or intellectual property needs to be returned

8. Insurance and Indemnification: Additional protection provisions, used in complex commercial settlements

1. Schedule of Claims: Detailed list of all claims being settled

2. Payment Schedule: Detailed payment terms, installments, and mechanisms

3. Form of Release: Template release documents to be executed

4. Asset Schedule: List of any assets being transferred as part of settlement

5. Related Agreements: List of other agreements affected by or incorporated into the settlement

6. Form of Announcement: Agreed form of any public or private announcements regarding the settlement

7. Required Actions: List of specific actions required to implement the settlement