Settlement Purpose Clause Samples
The Settlement Purpose clause defines the specific reason or objective for which a settlement agreement is being entered into by the parties. It typically outlines the background of the dispute or issue being resolved and clarifies what the settlement is intended to achieve, such as resolving all claims related to a particular contract or incident. By clearly stating the purpose, this clause helps ensure that both parties have a mutual understanding of the settlement's scope, thereby reducing the risk of future misunderstandings or disputes about what has been resolved.
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Settlement Purpose. The Parties agree and acknowledge that they understand that this Agreement is entered into solely for the purpose of avoiding the possible future expenses, burdens or distractions of a continuing dispute or litigation. The Parties further agree and acknowledge that the execution of this Settlement Agreement does not constitute an admission by any of the Parties of any liability of any kind or of any wrongdoing by any entity or individual, and the Parties each specifically deny any and all liability or wrongdoing.
Settlement Purpose. This Agreement and each of the attachments hereto are entered into by the Parties for purposes of settlement only without any admission whatsoever as to the validity or lack thereof of the matters alleged in the Complaint and shall not constitute an admission of liability by any Party.
Settlement Purpose. Associate has received Confidential Information, specialized training and/or business goodwill with customers through paid employment with Company with the understanding that this was for the benefit of Company. Due to the position of trust and confidence held by Associate some post-employment activities would by their nature deprive Company of the benefit of its Confidential Information and other investments in Associate and cause irreparable harm which justifies post-employment restrictions. However, the nature and scope of the post-employment restrictions that are reasonable and necessary to balance the parties’ interests is an unresolved matter between the parties. Accordingly, an important purpose of this Agreement is to fully settle and resolve such uncertainties and provide a set of
Settlement Purpose. The parties agree that an important purpose of this Agreement is to resolve uncertainties, settle, and avoid future disputes as to the conduct, jobs, or activities that would by their nature be likely to involve the use or disclosure of Confidential Information,
Settlement Purpose. This Agreement is entered into to resolve all disputes between Defendant, Plaintiffs, and the Settlement Class, pertaining to the Litigation. The assertions, statements, agreements and representations made in this Agreement are for purposes of settlement only. If this Agreement and these settlement terms are not finally approved by the Court, this Agreement shall become null and void and may not be used by any of the Parties for any reason.
Settlement Purpose. Employee has received Confidential Information, specialized training and/or business goodwill with customers through paid employment with the Company with the understanding that this was for the benefit of the Company. Due to the position of trust and confidence held by Employee some post-employment activities would by their nature deprive the Company of the benefit of its Confidential Information and other investments in Employee and cause irreparable harm which justifies post-employment restrictions. However, the nature and scope of the post-employment restrictions that are reasonable and necessary to balance the parties interests is an unresolved matter between the parties. Accordingly, an important purpose of this Agreement is to fully settle and resolve such uncertainties and provide a set of predictable boundaries upon which the parties may rely to avoid future disputes. Thus, this Agreement will be enforced subject to public policies favoring settlement or resolution agreements.