The Disclosure of Settlement Agreement is essential when parties need to share information from a confidential settlement with specific third parties while maintaining overall confidentiality. This document type is commonly used in Pakistan when settlement terms need to be disclosed for regulatory compliance, professional advice, or business necessity. It carefully balances the need for confidentiality with practical disclosure requirements, operating within the framework of Pakistani law, including the Contract Act 1872 and relevant privacy regulations. The agreement specifies who can receive the information, how it can be used, and what safeguards must be maintained. It's particularly relevant in complex commercial disputes, corporate transactions, or when regulatory reporting is required.
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1. Parties: Identification of all parties to the disclosure agreement, including the parties from the original settlement agreement and any additional parties being granted disclosure rights
2. Background: Context of the original settlement agreement and the reasons for this disclosure agreement
3. Definitions: Key terms including 'Settlement Agreement', 'Confidential Information', 'Permitted Recipients', and 'Disclosure Period'
4. Reference to Original Settlement: Details of the original settlement agreement including date, parties, and subject matter
5. Scope of Disclosure: Specific information from the settlement agreement that may be disclosed
6. Permitted Recipients: Identification of persons or entities authorized to receive the disclosed information
7. Confidentiality Obligations: Continuing confidentiality obligations of the recipients regarding the disclosed information
8. Purpose of Disclosure: Permitted uses of the disclosed information and any restrictions
9. Duration: Period for which the disclosure agreement remains effective
10. Breach and Remedies: Consequences of unauthorized disclosure and available remedies
11. Governing Law and Jurisdiction: Confirmation of Pakistani law application and jurisdiction for disputes
1. Return of Information: Requirements for returning or destroying disclosed information, used when disclosure is time-limited
2. Regulatory Compliance: Additional provisions when disclosure is required for regulatory or legal compliance
3. Third Party Rights: Provisions regarding rights of third parties mentioned in the settlement, included when third party interests are affected
4. Press Releases: Protocols for public announcements, included when public disclosure is contemplated
5. Data Protection: Additional provisions when personal data is involved in the disclosure
6. Costs: Allocation of costs related to the disclosure process, included when significant costs are involved
7. Partial Disclosure: Provisions for selective disclosure of settlement terms, used when only specific parts are to be disclosed
1. Schedule 1 - Original Settlement Agreement: Copy or relevant excerpts of the original settlement agreement
2. Schedule 2 - Disclosed Information: Detailed list of specific information authorized for disclosure
3. Schedule 3 - Permitted Recipients: Comprehensive list of authorized recipients and their roles/relationships
4. Schedule 4 - Disclosure Protocol: Step-by-step procedure for implementing the disclosure
5. Appendix A - Confidentiality Undertaking: Form of confidentiality agreement to be signed by recipients
6. Appendix B - Acknowledgment Form: Form for recipients to acknowledge receipt and understanding of obligations
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