Statements to Third Parties

In many cases this is of paramount importance but is frequently not considered at all! 

It is all very well having a term that advises that either party must keep the fact and terms of the Compromise Agreement strictly confidential, but it is important that both parties agree a line that can be given to third parties. 

This may be in the form of an express statement. More likely there will be two expressly agreed statements; one for “internal” third parties such as work colleagues and one for “external” third parties such as customers and suppliers. 

The statements should of course be consistent in terms of substance.