Common use of No Admission of Liability or Wrongdoing Clause in Contracts

No Admission of Liability or Wrongdoing. This Settlement Agreement and the negotiations and discussions leading up to this Settlement Agreement effect the settlement of claims which are denied and contested, and do not constitute, nor shall they be construed as, an admission of liability by the Parties. This Settlement Agreement is made solely for the purpose of avoiding the burden and expense of litigation, which would be imposed on the Parties if the disputes between them remained unsettled. This Settlement Agreement does not constitute an admission by any of the Parties hereto that they have engaged in any unlawful act. Each of the Parties hereto expressly deny that they have engaged in any unlawful act and deny liability for all claims any other Party had, has, or may have against them.

Appears in 5 contracts

Samples: Settlement Agreement and Mutual Release (Victory Energy Corp), Settlement Agreement and Mutual Release (Victory Energy Corp), Settlement Agreement and Mutual Release (Victory Energy Corp)

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No Admission of Liability or Wrongdoing. This Settlement Agreement and the negotiations and discussions leading up to this Settlement Agreement effect the settlement of claims which are denied and contested, and do not constitute, nor shall they be construed as, an admission of liability by the Partiesparties. This Settlement Agreement is made solely for the purpose of avoiding the burden and expense of litigation, which would be imposed on the Parties parties if the disputes between them remained unsettled. This Settlement Agreement does not constitute an admission by any of the Parties parties hereto that they have engaged in any unlawful act. Each of the Parties parties hereto expressly deny that they have engaged in any unlawful act and deny liability for all claims any other Party party had, has, or may have against them.

Appears in 2 contracts

Samples: Settlement Agreement and Mutual Release (Lucas Energy, Inc.), Settlement Agreement and Mutual Release (Victory Energy Corp)

No Admission of Liability or Wrongdoing. This Settlement Agreement and the negotiations and discussions leading up to this Settlement Agreement effect the settlement of claims which are denied and contested, and do not constitute, nor shall they be construed as, an admission of liability by the Partiesparties. This Settlement Agreement is made solely for the purpose of avoiding the burden and expense of litigation, which would be imposed on the Parties parties if the disputes between them remained unsettled. This Settlement Agreement does not constitute an admission by any of the Parties parties hereto that they have engaged in any unlawful act. Each of the Parties parties hereto expressly deny that they hey have engaged in any unlawful act and deny liability for all claims any other Party party had, has, or may have against them.

Appears in 2 contracts

Samples: Settlement Agreement and Mutual Release (Lucas Energy, Inc.), Settlement Agreement and Mutual Release (Victory Energy Corp)

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No Admission of Liability or Wrongdoing. This Settlement Agreement and the negotiations and discussions leading up to this Settlement Agreement effect the settlement of claims which are denied and contested, and do not constitute, nor shall they be construed as, an admission of liability by the Partiesparties. This Settlement Agreement is made solely for the purpose of avoiding the burden and expense of litigation, litigation which would be imposed on the Parties parties if the disputes between them remained unsettled. This Settlement Agreement does not constitute an admission by any of the Parties parties hereto that they have engaged in any unlawful act. Each of the Parties parties hereto expressly deny that they have engaged in any unlawful act and deny liability for all claims any other Party party had, has, or may have against them.

Appears in 1 contract

Samples: Agreement and Release (Novastar Resources Ltd.)

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