The Limited Release Settlement Agreement is utilized when parties wish to resolve particular disputes while maintaining their rights regarding other matters. This document, governed by English and Welsh law, provides a structured framework for settling specific claims while explicitly preserving others. It typically includes detailed definitions of released claims, settlement terms, confidentiality provisions, and specific carve-outs for preserved claims. This type of agreement is particularly valuable in complex commercial relationships where a complete settlement of all potential claims would be inappropriate or premature.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the dispute and reason for settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and timing
5. Release Provisions: Specific claims being released and extent of release
6. Confidentiality: Terms regarding confidentiality of settlement and dispute
7. Governing Law: Specification of applicable law and jurisdiction
1. Non-disparagement: Mutual agreements not to make negative statements about the other party - used when reputation management is important
2. Tax Provisions: Treatment of settlement payments for tax purposes - used when settlement involves significant monetary compensation
3. Future Cooperation: Terms for ongoing relationship or obligations - used when parties need to maintain business relationship
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Payment Schedule: Breakdown of settlement payments and timing - used for staged payments
3. Related Agreements: List of other agreements affected by settlement - used when settlement impacts multiple contracts
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