Settlement Agreement.docx

SettlementAgreementSettlementAgreementthissettlementagreementismadethis_________(m,d,y),betweenaaa,acorporationorganizedandexistingunderthelawsof_________(placename)andhavingitsregisteredofficeat_________('aaa'),andbbb,ltd.,acorporationorganizedandexistingunderthelawsof_________(placename)andhavingitsregisteredofficeat_________('bbb')andwhereas,in_________(year),ccc,inc.,acorporationorganizedandexistingunderthelawsofthestateof_________(placename)('ccc'),bbb,andtheothershareholdersofaaa,enteredintothenihonccckkjointventureagreement,whichtheyamendedbythatcertainamendedjointventureagreementdated_________(m,d,y)(thesetwoagreementsandtheirincidentalandrelatedagreementsshallbereferredtocollectivelyhereinasthe'jva');whereas,aaaandbbbenteredintothatcertainmasterdistributoragreementdated_________(m,d,y)(thisagreementanditsincidentalandrelatedagreementsshallbereferredtocollectivelyhereinasthe'mda');whereas,ccc,aaa,andbbbterminatedtheirbusinessrelationshipsinvolvingccccomputersoftwareandotherproducts('cccproducts')arisingoutofthejvaandmdaasof_________(m,d,y);andwhereas,anumberofunresolvedissuesremainfromtheterminationofsaidjvaandmdaandthepartiesdesiretoresolvesaidissuesuponthetermsandconditionsdescribedbelow.now,therefore,itisagreedasfollows:section1.confirmation.cccterminatedsalesofcccproductsthroughdistributorsofaaaorthroughotherdistributorsin_________(placename)asof_________(m,d,y).thepartieshavediscussed,confirmed,andmutuallyagreeuponthefollowingfacts:1.asaresultofbbbconveyingitssharesinaaatocccon_________(m,d,y),thejvawasamicablyterminated.2.themdawasamicablyterminatedasof_________(m,d,y).3.bbbhasintroducedandwillcontinuetointroduceanycustomersithasdevelopedpursuanttoitsactivitiesunderthemdatoaaaoritsdesigneeandwillassistintheorderlycontinuationofalltransactionsdealingwithcccproducts.however,aaaanditsdesigneeshallnotberesponsiblefororassumeanyofbbb'sliabilities(notonlymonetaryliabilities,butserviceliabilities,andanyandallliabilitiesofanytypeandnature)toanyofbbb'scustome