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1. Parties: Detailed identification of all parties to the agreement, including full legal names, addresses, and registration details for corporate entities
2. Background: Recitals setting out the context of the dispute or claims being settled, including reference to any existing agreements or disputes
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Sum: Clear specification of the settlement amount, payment terms, method, and timing
5. Payment Terms: Detailed payment mechanics, including bank account details, currency, and any installment arrangements
6. Release and Waiver: Comprehensive release and waiver provisions, specifically drafted to be enforceable under UAE law
7. Confidentiality: Obligations regarding confidentiality of the settlement terms and related information
8. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts
9. Entire Agreement: Confirmation that this agreement represents the entire understanding between the parties
10. Execution: Execution blocks compliant with UAE requirements, including space for signatures and company seals where required
1. Non-Admission of Liability: Optional clause stating that the settlement does not constitute admission of liability by any party
2. Tax Provisions: Required when settlement has tax implications or involves cross-border payments
3. Return of Property/Documents: Include when settlement requires exchange or return of property or documents
4. Non-Disparagement: Optional clause preventing parties from making negative statements about each other
5. Future Cooperation: Include when parties need to cooperate on ongoing matters post-settlement
6. Warranties and Representations: Optional additional warranties specific to the settlement context
7. Language: Required when agreement needs to be in dual language format
8. Severability: Optional clause addressing the severability of provisions if any become invalid
1. Payment Schedule: Details of installment payments if applicable
2. List of Claims/Disputes: Comprehensive list of all claims or disputes being settled
3. Related Agreements: Copies or details of any related agreements being terminated or modified
4. Release Documents: Forms of any additional release documents to be executed
5. Corporate Authorizations: Copies of corporate authorizations and powers of attorney
6. Property/Asset Schedule: Details of any property or assets being transferred as part of settlement
Business Day
Claim
Confidential Information
Dispute
Effective Date
Execution Date
Final Settlement Sum
Governing Law
Initial Agreement
Losses
Original Dispute
Parties
Payment Date
Related Entities
Released Claims
Released Parties
Settlement Payment
Settlement Period
Signing Date
Subject Matter
Territory
UAE
Unreleased Claims
Working Day
Affiliate
Associated Person
Background Documents
Completion
Defaulting Party
Directors
Dispute Notice
Encumbrance
Force Majeure Event
Group
Intellectual Property Rights
Interest Rate
Liability
Material Adverse Effect
Notice
Outstanding Amount
Parent Company
Party Representatives
Regulatory Authority
Release Date
Security Interest
Subsidiary
Tax
Third Party
Transaction Documents
Warranties
Definitions
Settlement Terms
Payment Obligations
Release and Waiver
Confidentiality
Non-Admission of Liability
Representations and Warranties
Further Assurance
Assignment
Costs
Notices
Entire Agreement
Severability
Amendments
Force Majeure
Governing Law
Jurisdiction
Third Party Rights
Counterparts
Language
Non-Disparagement
Return of Property
Survival
Tax Matters
Compliance with Laws
Time of Essence
Waiver
Legal Advice
Authority to Execute
Dispute Resolution
Termination
Good Faith
Indemnification
Cooperation
Remedies
Announcements
Implementation
Banking and Finance
Real Estate and Construction
Oil and Gas
Manufacturing
Trading and Commerce
Technology and Communications
Healthcare
Education
Professional Services
Transportation and Logistics
Hospitality and Tourism
Retail
Insurance
Energy
Legal
Compliance
Risk Management
Finance
Human Resources
Operations
Commercial
Project Management
Business Development
Corporate Affairs
Executive Leadership
Administration
Legal Director
General Counsel
Chief Legal Officer
Compliance Officer
Contract Manager
Legal Manager
Risk Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Human Resources Director
Project Manager
Operations Manager
Business Development Manager
Claims Manager
Dispute Resolution Manager
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