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Agreement Not To Sue Employer
"I need an Agreement Not To Sue Employer for a senior software engineer who is leaving our tech company on March 15, 2025, with a settlement amount of $75,000 and specific provisions about returning company intellectual property and maintaining confidentiality of proprietary code."
1. Parties: Identifies the employer and employee entering into the agreement
2. Background: Explains the context and circumstances leading to the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Release: Details specific claims being waived and references to applicable federal and state laws
5. Consideration: Specifies what the employee receives in exchange for the release
6. Non-Admission of Liability: States that the agreement does not constitute admission of wrongdoing by either party
7. Governing Law: Specifies which state/jurisdiction's laws govern the agreement
1. Confidentiality: Terms regarding confidentiality of the agreement and its contents
2. Non-Disparagement: Provisions preventing parties from making negative statements about each other
3. Return of Company Property: Requirements and timeline for returning any company property or assets
4. ADEA Compliance: Special provisions required for employees over 40 under the Age Discrimination in Employment Act
5. Revocation Period: Clause specifying the period during which the agreement can be revoked (typically required for age-related claims)
1. Schedule A - Detailed List of Released Claims: Comprehensive enumeration of specific claims being waived under federal and state laws
2. Schedule B - Consideration Details: Detailed breakdown of payment or other consideration being provided to the employee
3. Schedule C - Company Property Inventory: Itemized list of company property to be returned by the employee
Authors
Applicable Laws
Claims
Company
Consideration
Effective Date
Employee
Employment Period
Excluded Claims
Executive
Legal Representatives
Party/Parties
Released Claims
Released Parties
Releasing Party
Settlement Amount
Waived Rights
Confidential Information
Dispute
Notice
ADEA Claims
Consideration Period
Revocation Period
Company Property
Non-Disparagement Obligations
Confidentiality Obligations
Return Date
Separation Date
Consideration
Non-Admission of Liability
Confidentiality
Non-Disparagement
Acknowledgments
Representations and Warranties
Governing Law
Entire Agreement
Severability
Voluntary Execution
Amendment
Waiver
Notice
Assignment
ADEA Acknowledgment
Review Period
Revocation Rights
Return of Property
References
Future Cooperation
Tax Matters
Successor Liability
Alternative Dispute Resolution
Attorneys' Fees
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