GENERAL
COVENANT NOT TO SUE
Covenant
not to sue executed on __________ (date), by _________________________
________________
(name), of ____________________________________________
___________________________________
(address), here referred to as covenantor, to
_____________________________________________________________ (name), of
_____________________________________________________________ (address), here
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 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).
SECTION TWO
PAYMENT NOT AN ADMISSION
It
is understood by covenantor that the payment made hereunder is for compromise
of a doubtful and disputed claim, and it not to be construed as an admission of
liability on the part of covenantee, by whom liability has been expressly
denied.
SECTION THREE
RESERVATION OF RIGHTS
Covenantor
expressly reserves all rights of action, claims and demands against any and all
persons other than covenantee. This instrument is a covenant not to sue, and
not a release.
SECTION FOUR
BINDING EFFECT OF
COVENANT
This
covenant shall inure to the benefit of covenantee (and if applicable _________
(his or her) heirs and legal representatives).
It shall bind covenantor, (and if applicable: and __________ (his or
her) spouse, __________ (his or her) heirs, and legal representatives).
SECTION FIVE
ENTIRETY CLAUSE
This
instrument reflects the entire covenant between covenantor and covenantee, and
no statements, promises or inducements made by covenantor or any agent of
covenantor that are not contained in this covenant not to sue shall be valid or
binding.
SECTION SIX
COVENANT UNDERSTOOD BY
COVENANTOR
Covenantor
has carefully read the foregoing covenant not to sue and knows and understands
the content thereof.
In
witness whereof, covenantor has executed this covenant at _____________________
____________________________
(designate place of execution) the day and year first above written.
_____________________________________ _______________________
Signature Date
(Attach statement of attorney, if desired.)
