Common use of No Wrongdoing Clause in Contracts

No Wrongdoing. It is expressly understood and agreed that this Settlement Agreement, and any negotiations or proceedings in connection herewith, do not constitute and may not be construed as, or deemed to be, either evidence or an admission or concession on the part of any Party of any liability or wrongdoing whatsoever. The act of entering into or carrying out the Settlement Agreement and any negotiations or proceedings related thereto shall not be used, offered or received into evidence in any action or proceeding in any court, administrative agency or other tribunal for any purpose whatsoever other than to enforce the provisions of the Settlement Agreement, provided that the Settlement Agreement may be filed or submitted by the Parties to support a claim of res judicata, collateral estoppel, other theory of claim or issue preclusion, release, discharge or satisfaction.

Appears in 2 contracts

Sources: Settlement Agreement (PHH Corp), Settlement Agreement (Reddy Ice Holdings Inc)