Liability Settlement Agreement Template for Philippines

1. Non-Admission of Liability: Include when the settling party wishes to explicitly state that the settlement does not constitute an admission of liability

2. Tax Provisions: Include when there are specific tax implications that need to be addressed regarding the settlement payment

3. Insurance Provisions: Include when insurance companies are involved in the settlement or when insurance coverage is relevant to the settlement

4. Non-Disparagement: Include when parties wish to prevent negative statements about each other after the settlement

5. Return of Documents: Include when there are documents or materials that need to be returned as part of the settlement

6. Future Cooperation: Include when ongoing cooperation between parties is necessary after settlement

7. Severability: Include when parties want to ensure that the invalidity of one provision doesn't affect the entire agreement

1. Schedule A - Payment Terms: Detailed breakdown of payment amounts, dates, and methods of payment

2. Schedule B - Released Claims: Comprehensive list of all claims being released through the settlement

3. Schedule C - Supporting Documents: List of relevant documents evidencing the original liability or dispute

4. Appendix 1 - Form of Release: Standard form of release to be executed upon completion of settlement terms

5. Appendix 2 - Deed of Quitclaim: Form of quitclaim to be executed upon receipt of settlement payment

6. Appendix 3 - Settlement Completion Certificate: Form to be signed acknowledging completion of all settlement obligations