The Non Compromise Agreement serves as a formal documentation tool in the United States legal system when parties need to interact or document their relationship while explicitly preserving their rights to future legal action. This document is particularly useful in situations where parties must work together or document their interaction but want to ensure that such cooperation isn't interpreted as waiving any rights or claims. Unlike settlement agreements, the Non Compromise Agreement specifically states that no rights are being waived and no claims are being released.
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1. Parties: Identifies all parties to the agreement with full legal names and addresses
2. Background/Recitals: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Subject Matter: Details the specific matters being addressed in the agreement
5. Terms and Conditions: Sets out the main obligations and rights of the parties
6. Governing Law: Specifies the jurisdiction and applicable law
7. Signatures: Execution blocks for all parties
1. Confidentiality: Include when sensitive information is involved during the negotiation or execution of the agreement
2. Dispute Resolution: Specifies process for resolving disputes, including mediation or arbitration procedures
3. Force Majeure: Addresses unforeseen circumstances that may affect performance of obligations
4. Assignment: Specifies whether and how rights and obligations can be transferred to other parties
1. Schedule of Excluded Claims: Lists any claims specifically excluded from the agreement
2. Schedule of Related Agreements: Lists any related or affected agreements that may impact this agreement
3. Schedule of Key Terms: Details specific terms, conditions, or values referenced in main agreement
4. Appendix of Supporting Documents: Contains any relevant supporting documentation referenced in the agreement
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