Legal Document for Marlenny Alvarez

LEGAL DOCUMENT FOR MARLENNY ALVAREZ

This Settlement and Mutual Release Agreement (the "Agreement") is made and entered into as of , (the "Effective Date"), by and between Client Name: of Address: and Other Party Name: of Address: (each a "Party" and collectively the "Parties").

RECITALS

WHEREAS, Client Name: asserts certain claims arising out of events and transactions alleged to have occurred prior to the Effective Date; and

WHEREAS, Other Party Name: denies liability for the asserted matters but desires to avoid the expense and uncertainty of continued dispute; and

WHEREAS, the Parties wish to resolve all disputes, claims and controversies between them on the terms and subject to the conditions set forth in this Agreement.

NOW, THEREFORE

In consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1. DEFINITIONS

For purposes of this Agreement, the following terms shall have the meanings set forth below: "Claim" means any claim, demand, action, cause of action, suit, obligation, or liability, of any nature whether known or unknown, liquidated or unliquidated, arising on or prior to the Effective Date.

2. SETTLEMENT PAYMENT

In full and final settlement and compromise of all Claims between the Parties, Other Party agrees to pay Client the total gross sum of $ (the "Settlement Payment"), subject to the following terms.

Payment shall be made by Other Party to Client in the form selected below:

By check payable to Client

By electronic transfer/wire to account designated by Client

3. RELEASE BY CLIENT

Upon receipt of the Settlement Payment in accordance with Section 2, Client hereby fully, finally and forever releases and discharges Other Party, and its agents, employees, representatives, successors and assigns, from any and all Claims that Client has or may have had, whether known or unknown, arising out of or relating to the matters alleged or which could have been alleged as of the Effective Date.

4. RELEASE BY OTHER PARTY

Contemporaneously with Client's release, Other Party releases and discharges Client from any and all Claims, whether known or unknown, arising out of or relating to the matters that are the subject of this Agreement. The Parties expressly waive any statutory rights they may have to assert claims reserved by operation of law, including but not limited to any claim based on fraud in the execution of this Agreement.

5. CONFIDENTIALITY

The Parties agree to keep the terms, amount and existence of this Agreement strictly confidential, and shall not disclose such information to any third party except as required by law or as reasonably necessary to enforce this Agreement. Confidentiality shall not apply to disclosures to legal counsel, tax advisors, or as required by court order.

Confidentiality Applicable:

6. NO ADMISSION; NON-DISPARAGEMENT

This Agreement reflects a compromise of disputed claims and does not constitute an admission of liability, fault or wrongdoing by any Party. The Parties agree not to make any public statement or take any action that would reasonably be expected to disparage the other Party regarding the matters resolved by this Agreement, except as required by law.

7. REPRESENTATIONS AND WARRANTIES

Each Party represents and warrants that it has full power and authority to enter into this Agreement, that the person signing for each Party is authorized to execute this Agreement, and that no other consents or approvals are required to make this Agreement binding and enforceable.

8. TAXES

Each Party shall be responsible for any taxes or other governmental charges imposed on its respective recovery or payments arising from this Agreement. Client acknowledges that no withholding will be made by Other Party unless required by law, and agrees to provide any required tax documentation prior to payment.

9. INDEMNIFICATION

Each Party shall indemnify, defend and hold harmless the other Party from and against any third-party claims, liabilities, damages and expenses arising out of a breach of the indemnifying Party's representations, warranties or covenants contained in this Agreement.

10. NOTICES

All notices or other communications required or permitted under this Agreement shall be in writing and delivered to the Parties at the addresses set forth below (or to such other address as either Party may designate by notice).

11. AMENDMENTS; WAIVER; COUNTERPARTS

This Agreement may be amended or modified only by a written instrument signed by both Parties. No failure or delay in exercising any right shall operate as a waiver. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which taken together shall constitute one instrument.

12. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles.

13. ENTIRE AGREEMENT

This Agreement contains the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, between the Parties relating to such subject matter.

14. SEVERABILITY

If any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect, such provision shall be reformed only to the extent necessary to make it enforceable, and the remaining provisions shall remain in full force and effect.

15. REPRESENTATIVE CONTACTS

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