Owner Settlement and NDA Agreement
This document is a Settlement and Non-Disclosure Agreement (SNDA) entered into by an Owner and Otter Properties, LLC d/b/a Otter Property Management (the Agent). The agreement, effective on the date specified, outlines that the final terms constitute full settlement and satisfaction of any claims related to the subject matter between the parties. It imposes a confidentiality obligation, prohibiting disclosure of the agreement’s terms except as necessary for performance or required by law. Additionally, it contains a non‑disparagement clause that bars either party from making any negative statements about the other in any medium without prior written consent, with a stipulated penalty of $1,000 per violation. Signature lines for both parties conclude the agreement.
Topics
Full Settlement and Satisfaction of Claims
The agreement declares that the final terms settle all existing claims and demands related to the subject matter between the Owner and the Agent.
Confidentiality Obligation (Non‑Disclosure)
A clause that makes the terms and conditions of the SNDA confidential, restricting disclosure except as needed to implement the agreement or as required by law.
Non‑Disparagement Requirement
Both parties agree not to make any oral or written statements that disparage the other, covering all forms of communication, with a stipulated $1,000 penalty per violation.
Signature Execution
Designated signature lines for the Owner and the Agent to execute the agreement, indicating mutual consent.