Settlement Agreement And General Release Template for India

1. Confidentiality: Terms regarding confidentiality of the settlement and dispute details, used when parties want to maintain privacy

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other, commonly used in employment or business disputes

3. Tax Implications: Clauses addressing tax responsibilities and implications of the settlement, important for substantial monetary settlements

4. Insurance Claims: Provisions regarding any insurance claims or coverage related to the dispute

5. Return of Property: Requirements for returning any property or documents, relevant in employment or business relationship settlements

6. Reporting Obligations: Requirements to report settlement to regulatory authorities if applicable

7. Non-Admission of Liability: Statement that settlement does not constitute admission of liability by any party

8. Surviving Obligations: Identification of obligations that continue after settlement, such as confidentiality

1. Schedule A - Settlement Payment Details: Detailed breakdown of settlement amounts, payment schedule, and payment methods

2. Schedule B - Released Claims: Comprehensive list of specific claims being released through the settlement

3. Schedule C - Existing Agreements: List of any existing agreements between parties that are affected by or relevant to the settlement

4. Schedule D - Implementation Timeline: Detailed timeline for implementing various aspects of the settlement

5. Appendix 1 - Supporting Documents: Copies of relevant documents referenced in the agreement

6. Appendix 2 - Form of Release: Standard form of release to be executed by parties if required in stages