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A covenant not to sue is an agreement entered into by a person who has a legal claim against another but agrees not to pursue the claim. Such a covenant does not extinguish a cause of action and does not release other joint tortfeasors.
General Form of Covenant Not to Sue Covenant not to sue executed on the (date), between (Name of Covenantor) of (street address, city, state, zip code), referred to herein as Covenantor, and (Name of Covenantee), of (street address, city, state, zip code), referred to herein as Covenantee. For and in consideration of $____________ paid to Covenantor by Covenantee, and the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Covenant Not to Sue Covenantor will never institute any action 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 incident or event). 2. Payment Not an Admission It is understood by covenantor that the payment made under this covenant is for compromise of a doubtf
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