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Safety National 7/9/2024
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Safety National 7/9/2024
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Last modified
7/11/2024 11:37:00 AM
Creation date
7/11/2024 11:36:16 AM
Metadata
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Template:
Contracts
Contractor's Name
Safety National
Approval Date
7/9/2024
Council Approval Date
6/12/2024
Department
Legal
Department Project Manager
Tim Benedict
Subject / Project Title
Settlement Agreement and Release
Tracking Number
0004429
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Settlement Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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6 <br />pay such other person with respect to Claims released by this Settlement Agreement, or the City <br />will otherwise engage in any conduct that is authorized by Everett City Counsel and reasonably <br />geared to ensure that the Safety Insurers will not be obligated to pay any contribution, subrogation <br />or indemnification to such other person with respect to with respect to Claims released by this <br />Settlement Agreement. Nothing in this Section 3.8 precludes any Party from asserting a Claim <br />to enforce this Settlement Agreement. <br /> <br />3.9 No Waiver of Reinsurance Rights. The releases and waivers set forth in this <br />Settlement Agreement shall not apply to or have any effect on the Safety Companies’ right to <br />any claim for reinsurance. <br /> <br />3.10 Construction. The wording of this Settlement Agreement was drafted, reviewed <br />and accepted by legal counsel for Safety and City prior to its execution by the Parties, and neither <br />Party shall be entitled to have any wording of this Settlement Agreement construed against any <br />other Party in the event of any dispute arising in connection with the Settlement Agreement. <br /> <br />3.11 Inadmissibility of Agreement. Any evidence of the existence, terms or negotiation <br />of this Settlement Agreement shall be inadmissible in any litigation, action or other proceeding <br />between City and the Safety Insurers (or any of them); however, such evidence may be offered <br />in an action seeking solely to enforce the terms of this Settlement Agreement, or in connection <br />with any litigation, action or other proceeding between the Safety Companies and their reinsurers, <br />if any. This Settlement Agreement has been executed in reliance upon the provisions of Rule <br />408 of the Federal Rules of Evidence, Rule 408 of the Washington Rules of Evidence, and other <br />similar state law provisions which preclude the introduction of evidence regarding settlement <br />negotiations or agreements. <br /> <br />3.12 No Admission. This Settlement Agreement constitutes a compromise of disputed <br />coverage claims and shall not be construed as an admission by Safety or City that any coverage <br />or defense exists or does not exist under the Safety Policies. This Settlement Agreement is not <br />intended to be, nor shall it be construed as an admission with respect to policy interpretation or as <br />an admission by any Party regarding any duties, rights or obligations under the Safety Policies. <br /> <br />3.13 No Assignment. City represents that it has not assigned, transferred, conveyed or <br />sold and will not in any manner assign, transfer, convey or sell any claim or cause of action, or <br />part thereof, arising out of or connected with the matters released herein. City represents that no <br />subrogation of its claims or causes of action, or any part thereof, has taken place. City agrees that <br />it will not affirmatively assist any other person or entity in the establishment or prosecution of any <br />claim or cause of action against the Safety Insurers in any way relating to the investigation, <br />handling, defense, indemnity or settlement of claims within the scope of this Settlement <br />Agreement, except as required by contract or to comply with its obligations to participate in good <br />faith discovery with other parties and comply with Court rules. City further agrees that it will not
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