Legal Contracts Software Generator - Legal Contract Agreement Template for General Damages

# General Damages Agreement **This General Damages Agreement ("Agreement") is entered into as of [Date], by and between:** **[Claimant’s Name]** [Claimant's Address] [City, State, Zip Code] (Hereinafter referred to as "Claimant") and **[Defendant’s Name]** [Defendant's Address] [City, State, Zip Code] (Hereinafter referred to as "Defendant") **WHEREAS**, Claimant has filed a claim against Defendant for damages arising from [brief description of the incident leading to the claim, e.g., negligence, breach of contract, etc.]; **WHEREAS**, Defendant has agreed to pay Claimant a sum in satisfaction of the claim without admitting liability; **NOW, THEREFORE**, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows: ## 1. Payment 1.1 **Amount**: Defendant agrees to pay Claimant a total amount of $[amount] as full and final settlement for all claims related to the incident described above. 1.2 **Payment Method**: The payment shall be made by [specify payment method, e.g., bank transfer, check, etc.] and must be received by Claimant no later than [date]. ## 2. Release of Claims 2.1 **Release**: Upon full payment, Claimant hereby releases and discharges Defendant from any and all claims, damages, liabilities, actions, or causes of action arising out of, or in any way connected with, the incident referenced above. ## 3. No Admission of Liability 3.1 **No Admission**: It is understood and agreed that this Agreement constitutes a compromise and settlement of disputed claims and that the payment provided herein is not to be construed as an admission of liability or wrongdoing by Defendant. ## 4. Confidentiality 4.1 **Confidentiality**: The terms of this Agreement shall be held in strict confidence, and neither party shall disclose the terms to any third parties without prior written consent from the other party, except as required by law. ## 5. Governing Law 5.1 **Governing Law**: This Agreement shall be governed by and construed in accordance with the laws of the State of [State]. ## 6. Entire Agreement 6.1 **Entire Agreement**: This Agreement constitutes the entire agreement between the parties concerning the subject matter herein and supersedes all prior agreements or understandings, whether written or oral. ## 7. Amendments 7.1 **Amendments**: This Agreement may only be amended or modified by a written document executed by both parties. ## 8. Severability 8.1 **Severability**: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable. ## IN WITNESS WHEREOF, the parties hereto have executed this General Damages Agreement as of the date first above written. **[Claimant's Name]** ___________________________________ Signature **[Defendant's Name]** ___________________________________ Signature **Date: ________** --- Please customize the placeholders (e.g., [Claimant’s Name], [amount], [State], etc.) as per your requirements. It is also advisable to seek legal review of this document before use to ensure its enforceability and compliance with local laws.