Are you settling a claim out of court by paying over a cash settlement in a damages claim for an accident, breach of contract, etc? Protect yourself against future legal action with this Covenant Not to Sue.
- In return for the settlement amount paid by the covenantee (the person making the payment), the covenantor (person signing the covenant) agrees never to sue the covenantee.
- This Covenant extends only to the circumstance which gave rise to the claim, and the covenantor does not give up its rights to sue any other party with respect to the same circumstance.
- The covenantor acknowledges that payment by the covenantee was made as a compromise and does not constitute an admission of liability on the part of the covenantee.
This Covenant Not to Sue form is available as a downloadable and fully editable Microsoft Word file.
GENERAL COVENANT NOT TO SUE THIS COVENANT NOT TO SUE executed this _____ day of ______________, _______. BY: [NAME OF COVENANTOR] [address of Covenantor] (hereinafter referred to as “Covenantor”) TO: [NAME OF COVENANTEE] [address of Covenantee] (hereinafter referred to as “Covenantee”) In consideration of the sum of $______________ paid to Covenantor by Covenantee, the receipt of which is acknowledged, Covenantor covenants as follows: SECTION ONE - COVENANT NOT TO SUE Covenantor will never institute any action, proceeding or suit at law or in equity against Covenantee, nor institute, prosecute or in any way aid in the institution or prosecution of any claim, demand, action, or cause of action for damages, costs, loss of services, expenses, or compensation for or on account of any damage, loss or injury either to person or property, or both, whether developed or undeveloped, resulting or to result, known or unknown, past, present or future, arising out of _________________________________ [describe the incident, event or relationship between the parties giving rise to this covenant]. SECTION TWO - PAYMENT NOT AN ADMISSION It is understood b
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