Disclosure Of Settlement Agreement for the United States

Disclosure Of Settlement Agreement Template for United States

A Disclosure of Settlement Agreement is a legal document used in the United States that formally outlines the terms and conditions under which information from a confidential settlement agreement may be disclosed to specified parties. This document ensures compliance with legal requirements while maintaining appropriate confidentiality protections, and typically includes details about the scope of disclosure, the receiving parties' obligations, and any continuing confidentiality requirements.

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What is a Disclosure Of Settlement Agreement?

The Disclosure of Settlement Agreement is essential when parties need to share information from a confidential settlement while maintaining control over its dissemination. This document becomes necessary when regulatory requirements, legal obligations, or legitimate business needs require disclosure of settlement terms that were originally confidential. The agreement specifically outlines what information can be disclosed, to whom, and under what conditions, while ensuring compliance with U.S. federal and state laws. It serves as a protective mechanism that allows for necessary disclosure while maintaining the integrity of the original settlement agreement's confidentiality provisions.

What sections should be included in a Disclosure Of Settlement Agreement?

1. Parties: Identification of all parties involved in the original settlement and those authorized to receive disclosure

2. Background: Brief context of the original settlement and reason for disclosure

3. Definitions: Key terms used throughout the disclosure document

4. Scope of Disclosure: Specific details of what information from the settlement is being disclosed

5. Authorization: Confirmation of authority to make the disclosure

6. Confidentiality Obligations: Ongoing confidentiality requirements for the disclosed information

What sections are optional to include in a Disclosure Of Settlement Agreement?

1. Purpose of Disclosure: Specific reason for disclosure, used when disclosure is for regulatory or legal requirements

2. Limited Waiver: Section specifying that disclosure doesn't waive confidentiality for other purposes, used when maintaining general confidentiality is important

3. Third Party Rights: Rights of third parties mentioned in the settlement, included when third parties are affected

4. Regulatory Compliance: Specific regulatory requirements being met, included for regulated industries

What schedules should be included in a Disclosure Of Settlement Agreement?

1. Original Settlement Agreement: Copy of the original settlement agreement (may be redacted)

2. Disclosure Schedule: Detailed list of specific information being disclosed

3. Authorization Documents: Copies of relevant authorization letters or court orders permitting disclosure

4. Related Correspondence: Relevant communication regarding the need for disclosure

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

Jurisdiction

United States

Publisher

Genie AI

Cost

Free to use
Industries

Federal Rule of Evidence 408: Governs the confidentiality and admissibility of settlement discussions and negotiations in federal courts

Federal Rule of Civil Procedure 23(e): Regulates the settlement, voluntary dismissal, or compromise of class action claims

Internal Revenue Code: Determines tax implications and requirements for settlement payments and disclosures

HIPAA: Health Insurance Portability and Accountability Act - Protects medical information that may be included in settlement agreements

Gramm-Leach-Bliley Act: Regulates the disclosure of private financial information in settlement agreements

Age Discrimination in Employment Act: Provides specific requirements for settlements involving age discrimination claims

Title VII of the Civil Rights Act: Governs settlements related to discrimination claims based on race, color, religion, sex, and national origin

Fair Labor Standards Act: Regulates settlements involving wage and hour disputes

Securities Exchange Act: Mandates specific disclosure requirements for settlements involving public companies

State Confidentiality Laws: State-specific regulations governing the confidentiality of settlement terms

State Contract Laws: Local state requirements for contract formation and enforcement affecting settlement agreements

State Statute of Limitations: Time limits imposed by state law for enforcing settlement agreements

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

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