Conditional Settlement Agreement Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Conditional Settlement Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Conditional Settlement Agreement

"I need a Conditional Settlement Agreement under Hong Kong law for a dispute between two technology companies, where the settlement is contingent upon regulatory approval from the Hong Kong Securities and Futures Commission, with completion expected by March 2025."

Document background
The Conditional Settlement Agreement is a crucial dispute resolution document used in Hong Kong when parties wish to resolve their differences subject to certain conditions being met. It is particularly useful in complex commercial disputes where settlement implementation requires multiple steps, regulatory approvals, or third-party consents. This document type combines elements of Hong Kong contract law with specific settlement provisions, creating a binding framework once conditions are satisfied. It typically includes detailed payment terms, performance obligations, release provisions, and enforcement mechanisms, all governed by Hong Kong law. The conditional nature provides protection to all parties by ensuring that settlement obligations only become effective once specified prerequisites are fulfilled, making it particularly valuable in high-stakes commercial disputes or matters involving multiple stakeholders.
Suggested Sections

1. Parties: Identification of all parties to the settlement agreement, including full legal names and addresses

2. Background: Recitals describing the dispute background, existing proceedings (if any), and parties' intention to settle

3. Definitions and Interpretation: Definitions of key terms used in the agreement and interpretation rules

4. Settlement Sum and Payment Terms: Details of the settlement amount, payment schedule, and payment mechanics

5. Settlement Conditions: Clear statement of all conditions that must be met for the settlement to become effective

6. Timing and Performance: Timeframes for performance of settlement obligations and conditions

7. Release and Discharge: Terms of mutual release and discharge once conditions are met

8. Confidentiality: Obligations regarding confidentiality of the settlement terms and related information

9. Non-Admission: Statement that the settlement does not constitute admission of liability

10. Enforcement: Mechanisms for enforcement and consequences of breach

11. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes

Optional Sections

1. Tax Provisions: Include when settlement payments have tax implications requiring specific treatment or allocation

2. Regulatory Compliance: Include when settlement requires regulatory approvals or notifications

3. Non-Disparagement: Include when parties wish to prevent negative statements about each other

4. Return of Documents: Include when settlement involves return or destruction of confidential documents

5. Future Cooperation: Include when ongoing cooperation between parties is required post-settlement

6. Press Releases: Include when public announcements about the settlement need to be regulated

7. Insurance and Indemnities: Include when settlement involves insurance claims or ongoing indemnities

8. Third Party Rights: Include when settlement affects rights of third parties not direct party to agreement

Suggested Schedules

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and payment mechanics

2. Schedule 2 - Settlement Conditions: Detailed list of all conditions precedent and subsequent

3. Schedule 3 - Form of Release: Template of mutual release document to be executed upon satisfaction of conditions

4. Schedule 4 - Performance Obligations: Detailed description of non-monetary obligations and performance requirements

5. Schedule 5 - Required Notices: Forms of notices required for various purposes under the agreement

6. Appendix A - Related Proceedings: List of all legal proceedings to be discontinued upon settlement

7. Appendix B - Settlement Documents: List of all documents that form part of the settlement package

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 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

Banking

Insurance

Real Estate

Construction

Manufacturing

Technology

Retail

Professional Services

Healthcare

Energy

Transportation

Telecommunications

Education

Media and Entertainment

Relevant Teams

Legal

Compliance

Finance

Risk Management

Corporate Secretariat

Executive Leadership

Treasury

Corporate Affairs

Operations

Internal Audit

Relevant Roles

Legal Counsel

Chief Legal Officer

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Risk Manager

Company Secretary

General Counsel

Litigation Manager

Settlement Officer

Claims Manager

Corporate Counsel

Dispute Resolution Specialist

Legal Director

Commercial Director

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

Find the exact document you need

Waiver Of Liability (Insurance)

A Hong Kong law-governed document that establishes terms for waiving insurance-related liability rights and claims between involved parties.

find out more

Landlord Vacate Notice

A Hong Kong-compliant legal notice from landlord to tenant requiring vacation of leased premises by a specified date.

find out more

Interview Turn Down Letter

A Hong Kong-compliant formal letter informing job candidates of an unsuccessful interview outcome while maintaining professional courtesy and legal compliance.

find out more

Interest Promissory Note

A Hong Kong law-governed document evidencing a promise to pay a specified sum with interest, containing payment terms and interest calculations.

find out more

Liability Waiver

A Hong Kong law-governed Liability Waiver document for protecting organizations against claims arising from voluntary participation in activities or services.

find out more

Character Reference Letter From Employer

A formal Hong Kong-compliant employer's letter attesting to an employee's character, work ethic, and professional conduct during their employment period.

find out more

Lien Release Agreement

A Hong Kong law-governed agreement that formally releases a lien or security interest over property upon satisfaction of underlying obligations.

find out more

Contractor Invoice

A formal billing document used by contractors in Hong Kong to request payment for services, compliant with local tax and business regulations.

find out more

Registered User Agreement

A Hong Kong law-governed agreement establishing terms and conditions between service providers and registered users of digital platforms or services.

find out more

Photo Consent Wording

A Hong Kong law-compliant photo consent form that establishes legal permission for taking and using photographs while protecting personal data privacy rights.

find out more

Medical Treatment Authorization Letter

A Hong Kong-compliant legal document authorizing designated individuals to make medical decisions on behalf of a patient.

find out more

Waiver Form

A Hong Kong law-governed document that releases one party from liability or responsibility for specified risks and potential claims.

find out more

Travel Receipt

A Hong Kong-compliant document evidencing payment for travel-related services, including transaction details and terms under local regulations.

find out more

Conditional Letter Of Credit

A Hong Kong law-governed banking instrument that provides payment assurance in international trade transactions upon fulfillment of specified documentary conditions.

find out more

Personal Trainer Employment Contract

A Hong Kong law-governed employment contract establishing terms and conditions between a fitness facility and a personal trainer, ensuring compliance with local employment regulations.

find out more

Credit Verification Release Form

A Hong Kong-compliant authorization form allowing specified parties to verify an individual's credit information, subject to local privacy laws.

find out more

Waiver And Indemnity Agreement

A Hong Kong law-governed agreement combining waiver of rights and indemnification obligations, providing comprehensive risk and liability protection between parties.

find out more

Liability Assumption Agreement

A Hong Kong law-governed agreement facilitating the transfer of specific liabilities between parties, defining terms and conditions of liability assumption.

find out more

Waiver Of Service

A Hong Kong law-governed document where a party voluntarily waives their right to formal service of legal proceedings while preserving other legal rights and defenses.

find out more

Time Deposit Agreement

A Hong Kong law-governed agreement establishing terms and conditions for fixed-term deposits between a financial institution and depositor, including interest rates, term length, and withdrawal conditions.

find out more

Photography Usage Rights Agreement

A Hong Kong law-governed agreement establishing terms for licensed use of photographic works, including usage rights, restrictions, and compensation.

find out more

Final Settlement Letter To Employee

A formal letter under Hong Kong law detailing final settlement terms and payments between employer and departing employee.

find out more

Consent To Treat Minor Form

A Hong Kong-compliant legal form authorizing medical professionals to provide treatment to patients under 18 years of age with parental/guardian consent.

find out more

Media Release Form For Minors

A Hong Kong-compliant legal form obtaining parental consent for using a minor's image or likeness in media productions, ensuring child protection and privacy law compliance.

find out more

Partial Lien Release

A Hong Kong law-governed document that releases a specific portion of property from an existing lien while maintaining security over the unreleased portion.

find out more

Conditional Settlement Agreement

A Hong Kong law agreement documenting conditional settlement terms between disputing parties, becoming effective only upon satisfaction of specified conditions.

find out more

Payment Verification Letter

A formal document under Hong Kong law that provides official verification and confirmation of specific payment transactions.

find out more

Bond Transfer Agreement

A Hong Kong law-governed agreement facilitating the transfer of bonds between parties, outlining terms, conditions, and regulatory compliance requirements.

find out more

Privacy Release Form

A Hong Kong-compliant legal document obtaining consent for personal data collection and processing under the PDPO.

find out more

Conflict Resolution Agreement

A Hong Kong law-governed agreement establishing procedures and mechanisms for resolving disputes through various alternative dispute resolution methods.

find out more

Royalty Share Agreement

A Hong Kong law-governed agreement establishing terms for sharing royalties from intellectual property exploitation.

find out more

Health Risk Assessment Form

A Hong Kong-compliant health risk assessment form for collecting and evaluating individual health information and medical history, with built-in privacy protections.

find out more

Spousal Consent Form

A Hong Kong law-governed document recording one spouse's informed consent to actions affecting matrimonial rights or interests.

find out more

Personal Agreement Contract

A Hong Kong law-governed contract establishing terms and conditions for personal agreements between parties, ensuring legal compliance and mutual protection of interests.

find out more

Application Fee Waiver

A Hong Kong law-governed document establishing terms for waiving application fees between a fee-charging entity and beneficiary.

find out more

Liability Transfer Agreement

A Hong Kong law-governed agreement facilitating the transfer of specified liabilities from one party to another, including terms, conditions, and compliance requirements.

find out more

Reverse Repurchase Agreement

A Hong Kong law-governed agreement for securities financing transactions through reverse repurchase arrangements, compliant with local regulatory requirements.

find out more

Divorce Settlement Agreement

A legally binding agreement under Hong Kong law that sets out the terms of divorce settlement between separating spouses, including asset division and financial arrangements.

find out more

Cancellation Contract

A Hong Kong law-governed agreement that formally terminates an existing contract between parties, specifying termination terms and mutual releases.

find out more

One Time Agency Agreement

A Hong Kong law-governed agreement establishing a one-time agency relationship for a specific transaction or task.

find out more

Online Tenancy Agreement

Hong Kong-compliant online residential tenancy agreement template enabling digital execution and management of property leases.

find out more

Full Time Employment Contract

Hong Kong law-governed employment agreement establishing terms and conditions for full-time employment relationship.

find out more

Liability Acknowledgement Form

A Hong Kong law-governed document that formally records a party's acknowledgment and acceptance of specific risks and liabilities.

find out more

Parent Guardian Consent Form For Minors

A Hong Kong-compliant legal document for obtaining parental or guardian consent for activities involving minors.

find out more

Bank Transfer Authorization Form

A Hong Kong law-governed banking document that authorizes financial institutions to execute fund transfers as per account holder's instructions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.