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NDA Settlement
"Need an NDA Settlement Agreement to resolve a dispute with a former employee who shared our client list with competitors, including a $50,000 settlement payment and ongoing confidentiality obligations through January 2025."
1. Parties: Identification of all parties involved in the settlement
2. Background/Recitals: Context of the dispute and reason for settlement
3. Definitions: Key terms used throughout the agreement including confidential information, trade secrets, and settlement terms
4. Settlement Terms: Core terms of the settlement including any payments or actions required
5. Confidentiality Obligations: Specific confidentiality requirements going forward and compliance with trade secret laws
6. Release of Claims: Mutual release of claims related to the dispute
7. Governing Law: Jurisdiction and applicable law, including federal and state trade secret provisions
1. Non-Disparagement: Prevents parties from making negative statements about each other, used when reputation protection is important
2. Return of Materials: Requirements for returning confidential information and verification process
3. Future Cooperation: Terms for how parties will interact in the future and any ongoing obligations
4. Remedies for Breach: Specific consequences for violating the agreement, including injunctive relief and damages
1. Schedule of Confidential Information: Detailed list of information covered by the NDA and trade secret classifications
2. Schedule of Settlement Payments: Payment terms and schedule if applicable
3. Form of Release: Standard release language to be signed by all parties
4. Return/Destruction Certificate: Template for confirming return/destruction of confidential materials
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