The Settlement Agreement And Release is a crucial legal document used in Hong Kong to formally conclude disputes between parties, whether arising from commercial relationships, employment matters, or other contentious situations. This document is typically employed when parties have reached an agreement to resolve their differences through negotiation, mediation, or prior to full litigation. It provides a comprehensive framework for documenting the settlement terms, including monetary compensation, mutual releases, and ongoing obligations, while ensuring compliance with Hong Kong legal requirements. The agreement is particularly important in the Hong Kong business environment, where it serves as a key risk management tool by providing certainty and finality to disputes, preventing future claims, and protecting the interests of all parties involved. It must be carefully drafted to ensure enforceability under Hong Kong law and to address specific requirements of the jurisdiction's contract and civil law system.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and defines all parties to the agreement, including their legal status and addresses
2. Background: Outlines the dispute or circumstances leading to the settlement, including relevant dates and key events
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Settlement Sum: Specifies the settlement amount, payment terms, and payment method
5. Release and Discharge: Details the scope of claims being released and discharged by all parties
6. Confidentiality: Sets out obligations regarding confidentiality of the settlement terms and dispute
7. Non-Admission of Liability: Clarifies that the settlement does not constitute an admission of liability by any party
8. Tax and Costs: Addresses responsibility for taxes and legal costs related to the settlement
9. Entire Agreement: Confirms the agreement represents the entire understanding between parties
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution formalities
1. Non-Disparagement: Used when parties agree not to make negative statements about each other
2. Return of Property: Required when physical or intellectual property needs to be returned
3. Future Cooperation: Included when parties need to cooperate on transition or implementation matters
4. Reference Provision: Used in employment-related settlements regarding future employment references
5. Continuing Obligations: Specifies any obligations that survive the settlement
6. Third Party Rights: Required when the settlement affects rights of third parties under the Contracts (Rights of Third Parties) Ordinance
7. Severability: Added when there's risk that certain provisions might be found invalid
8. Variation: Details how the agreement can be modified, if needed
1. Schedule 1 - Payment Schedule: Details of installment payments if settlement sum is not paid as lump sum
2. Schedule 2 - Released Claims: Comprehensive list of specific claims being released
3. Schedule 3 - Announcement Template: Agreed form of any public or internal announcements about the settlement
4. Schedule 4 - Required Actions: List of specific actions to be taken by parties as part of settlement
5. Appendix A - Related Proceedings: List of all legal proceedings covered by the settlement
6. Appendix B - Form of Release: Standard form of release to be signed by related parties if applicable
Find the exact document you need
Full And Final Release And Indemnity Agreement
A Hong Kong law-governed agreement that provides a complete settlement of claims between parties and establishes mutual indemnification obligations.
Download
Release Of Claim And Subrogation Receipt
A Hong Kong law-governed document that finalizes claim settlements and transfers subrogation rights, typically used in insurance claim resolutions.
Download
Conditional Purchase Agreement
A Hong Kong law-governed agreement setting out terms for a purchase that becomes binding only when specified conditions are met.
Download
General Release Of All Claims
A Hong Kong law-governed agreement providing for the complete release and discharge of all claims between parties, known and unknown.
Download
Car Accident Demand Letter
A formal demand letter used in Hong Kong to claim compensation for damages and injuries resulting from a motor vehicle accident, serving as a pre-litigation notice to the at-fault party.
Download
Session Musician Agreement
A Hong Kong-governed agreement for engaging session musicians for recording services, defining terms, rights, and obligations.
Download
Termination Letter For Attendance
A Hong Kong-compliant termination letter addressing employee attendance issues, including termination details and final payment information.
Download
Release Letter Of Credit
A Hong Kong-governed banking document that formally releases obligations under an existing Letter of Credit, typically used in international trade finance.
Download
Settlement Agreement And Release Of All Claims
A Hong Kong law-governed agreement that resolves disputes between parties and provides for comprehensive release of all claims.
Download
Mutual Release Form
A Hong Kong law-governed agreement where parties mutually release each other from claims and liabilities arising from their past relationship or specific transactions.
Download
Settlement Agreement And Release
A Hong Kong law-governed agreement that finalizes the settlement of disputes between parties, including payment terms and mutual releases from liability.
Download
Release Of Claims Form
A Hong Kong law-governed document where one party formally releases legal claims against another in exchange for consideration.
Download
General Release Form
A Hong Kong law-governed document that formally releases one party from claims or liabilities by another party, typically used in dispute resolutions or settlements.
Download
Separation Affidavit
A formal sworn document under Hong Kong law declaring and evidencing a married couple's separation, requiring execution before a Commissioner for Oaths.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)