Understanding Non Disparagement Agreements

Summary

A non-disparagement agreement typically involves parties agreeing not to make negative statements about each other. Key elements include the parties involved, the scope of what constitutes disparagement, the duration of the agreement, and the consequences of violating it. In your case, the agreement includes a consideration clause where homeowners receive a refund/discount totaling $19,500, with specific deadlines and penalties for late payments. Additionally, homeowners represent that they have not filed complaints against the other party. If you need further clarification on specific clauses, consulting a legal professional may be beneficial.

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help break down a non-disparagement agreement
Sure, Shay! A non-disparagement agreement generally includes the following key points:
- Parties Involved: Specifies who agrees not to make negative statements.
- Scope of Disparagement: Defines what constitutes disparaging remarks.
- Duration: States how long the agreement lasts.
- Consequences: Details penalties for violating the agreement.
Do you have any specific clauses or language in the agreement that you find confusing?
*. Consideration. Each Homeowner acknowledges and agrees that she has received good, valuable and sufficient consideration for entering into this Agreement. In particular, upon execution of this Agreement by Homeowner, Stoneridge shall pay, and the Homeowners, jointly and severally, shall receive a refund of $*,*.* on or before Friday, January *, *, at * P.M. The aforementioned $*,*.* refund along with the previous discount of $*,*, provided on October *, *, brings it to a grand total refund/discount of $*,*, bringing the project total to $*,*. The refund shall be made via wire transfer. If payment is delayed, Stoneridge will incur a late fee of *% per day beginning January *, *. Failure to pay within 7 days constitutes a breach of this Agreement. *. Representations. Each Homeowner represents and warrants that neither has filed any complaints against Stoneridge with any regulatory or governmental authority.
Shay, here are the key points of your non-disparagement agreement:
- Consideration: Homeowners will receive a total refund/discount of $*,*, with specific deadlines and penalties for late payments.
- Representations: Homeowners confirm they haven't filed complaints against Stoneridge.
- No Admission: Stoneridge denies liability but agrees to the terms as a business accommodation.
Is there a specific clause or point you need more clarification on?