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Deed Of Settlement And Release
"I need a Deed of Settlement and Release under Philippine law to resolve an employment dispute with a former senior executive, including a settlement payment of PHP 2.5 million, confidentiality provisions, and non-disparagement clauses, with the settlement to be completed by March 15, 2025."
1. Parties: Identifies and defines all parties to the deed, including their full legal names, addresses, and any relevant registration details for corporate entities
2. Background: Recitals explaining the context of the dispute or claims, relevant history, and the parties' intention to settle
3. Definitions: Defines key terms used throughout the deed for clarity and consistency
4. Settlement Sum: Specifies the agreed settlement amount, payment terms, method, and timing
5. Release and Discharge: Core provision detailing the mutual release of claims and discharge of liabilities between the parties
6. Confidentiality: Obligations regarding the confidentiality of the settlement terms and related information
7. Non-Admission: Statement that the settlement does not constitute an admission of liability by any party
8. Entire Agreement: Confirms the deed represents the complete agreement between parties and supersedes prior negotiations
9. Governing Law: Specifies Philippine law as governing law and relevant jurisdiction
10. Execution: Formal execution block including space for signatures, witnesses, and notarial acknowledgment
1. Tax Provisions: Include when settlement involves significant sums requiring tax consideration or when tax indemnities are needed
2. Non-Disparagement: Include when parties wish to prevent negative statements about each other after settlement
3. Return of Property: Include when settlement involves return of documents, equipment, or other property
4. Future Cooperation: Include when ongoing cooperation between parties is required post-settlement
5. Warranties: Include when specific representations about claims or capacity to settle are necessary
6. Third Party Rights: Include when settlement affects rights of parties not directly involved in the deed
7. Insurance Claims: Include when settlement involves insurance claims or requires coordination with insurers
1. Schedule 1 - Settlement Payment Details: Detailed breakdown of settlement sum, payment installments, and banking details
2. Schedule 2 - Released Claims: Comprehensive list of specific claims being released through the settlement
3. Schedule 3 - Related Proceedings: List of any legal proceedings to be discontinued as part of settlement
4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the deed
5. Appendix B - Corporate Authorizations: If corporate parties involved, copies of board resolutions or other authorization documents
Authors
Legal Services
Banking and Finance
Insurance
Construction
Real Estate
Manufacturing
Retail
Technology
Healthcare
Education
Professional Services
Transportation and Logistics
Energy and Utilities
Legal
Finance
Compliance
Risk Management
Human Resources
Executive Leadership
Corporate Secretariat
Insurance
Operations
Business Development
Legal Counsel
Corporate Secretary
Chief Legal Officer
Chief Financial Officer
Risk Manager
Compliance Officer
Human Resources Director
Claims Manager
Contract Administrator
Business Development Manager
Chief Executive Officer
Managing Director
Settlement Officer
Dispute Resolution Officer
General Counsel
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