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Case Settlement Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Case Settlement Agreement

"I need a Case Settlement Agreement under Hong Kong law for a commercial dispute between my technology company and a former supplier, with a settlement sum of HKD 2.5 million to be paid in installments by March 2025, including strict confidentiality provisions and mutual non-disparagement clauses."

Document background
The Case Settlement Agreement is a crucial document used in Hong Kong's legal landscape to formalize the resolution of disputes between parties. It serves as the definitive record of settlement terms, typically employed when parties have agreed to resolve their differences without proceeding to full trial or to terminate ongoing litigation. The agreement must comply with Hong Kong contract law principles and civil procedure requirements, making it enforceable in Hong Kong courts. This document type is particularly important as it provides certainty and finality to disputes, including specific provisions for payment terms, releases, confidentiality, and future conduct of the parties. The Case Settlement Agreement can be used in various contexts, from commercial disputes to personal injury claims, and may involve both corporate and individual parties.
Suggested Sections

1. Parties: Full legal names and details of all parties to the settlement

2. Background: Description of the dispute, reference to proceedings, and context of the settlement

3. Definitions: Definitions of key terms used throughout the agreement

4. Settlement Sum: Details of the settlement amount and payment terms

5. Payment Terms: Specific details about how and when payments will be made

6. Release and Discharge: Mutual release of claims and discharge of liabilities

7. Confidentiality: Obligations regarding confidentiality of the settlement terms

8. Full and Final Settlement: Confirmation that this represents a full and final settlement of all claims

9. Costs: Treatment of legal costs and disbursements

10. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction

11. Execution: Signature blocks and execution formalities

Optional Sections

1. Tax Treatment: Include when settlement payments have tax implications that need to be addressed

2. Non-admission of Liability: Include when parties wish to explicitly state that settlement does not constitute admission of liability

3. Non-disparagement: Include when parties agree not to make negative statements about each other

4. Future Cooperation: Include when parties need to cooperate on implementation or related matters

5. Return of Documents: Include when confidential documents need to be returned or destroyed

6. Variation: Include when specific provisions for varying the agreement are required

7. Severability: Include when there's risk that certain provisions might be invalid

8. Third Party Rights: Include when rights of third parties need to be addressed under the Contracts (Rights of Third Parties) Ordinance

Suggested Schedules

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment installments and dates

2. Schedule 2 - Claims Being Settled: List of all claims and proceedings covered by the settlement

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

4. Appendix A - Court Order: Copy of relevant court order or judgment being settled

5. Appendix B - Settlement Calculations: Detailed calculations of settlement amounts

6. Appendix C - Form of Release: Template of any formal release documents to be executed

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses






























Relevant Industries

Financial Services

Insurance

Construction

Manufacturing

Real Estate

Technology

Healthcare

Retail

Professional Services

Transportation

Energy

Telecommunications

Education

Hospitality

Mining and Resources

Relevant Teams

Legal

Compliance

Risk Management

Finance

Corporate Secretariat

Insurance

Operations

Executive Management

Treasury

Regulatory Affairs

Relevant Roles

Legal Counsel

Chief Legal Officer

Litigation Manager

Risk Manager

Compliance Officer

Chief Financial Officer

Claims Manager

Company Secretary

General Counsel

Settlement Officer

Dispute Resolution Manager

Corporate Counsel

Legal Director

Chief Executive Officer

Chief Risk Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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