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1. Parties: Identifies all parties to the agreement, including their full legal names, addresses, and any relevant corporate details
2. Background: Recitals describing the dispute or circumstances leading to the settlement, including any existing or threatened legal proceedings
3. Definitions: Defines key terms used throughout the agreement, including 'Claims', 'Released Parties', and 'Settlement Sum'
4. Settlement Payment: Details of the settlement amount, payment terms, method, and timing
5. Release: Comprehensive release of claims by the releasing party, specifically describing what claims are being released
6. No Admission of Liability: Statement that the settlement does not constitute an admission of liability by either party
7. Covenant Not to Sue: Specific undertaking not to commence or continue any legal proceedings regarding the released claims
8. Confidentiality: Obligations to keep the settlement terms and related discussions confidential
9. Entire Agreement: Confirmation that this document represents the complete agreement between the parties
10. Governing Law: Specifies that Australian law governs the agreement and nominates jurisdiction for any disputes
11. Execution: Formal execution block for all parties to sign
1. Tax Treatment: Include when settlement payment has tax implications requiring specific treatment or declarations
2. Non-Disparagement: Include when parties wish to prevent negative statements about each other
3. Return of Property: Include when physical or intellectual property needs to be returned as part of settlement
4. Future Cooperation: Include when ongoing cooperation between parties is required for implementing the settlement
5. Publicity: Include when public statements about the settlement need to be regulated
6. Bar Orders: Include when seeking court orders to bar related claims
7. Insurance Provisions: Include when settlement involves insurance claims or payments
8. Warranties: Include when specific representations about claims or capacity are required
1. Schedule 1 - Released Claims: Detailed description of all claims being released under the agreement
2. Schedule 2 - Payment Schedule: Detailed payment terms including installments if applicable
3. Schedule 3 - Released Parties: Complete list of all parties being released, including related entities if applicable
4. Schedule 4 - Deed of Release: Form of deed of release if separate execution required
5. Schedule 5 - Court Documents: Copies of relevant court documents to be withdrawn
6. Appendix A - Supporting Documents: Any relevant correspondence or documents referenced in the agreement
Business Day
Claims
Commencement Date
Confidential Information
Costs
Dispute
Effective Date
Execution Date
GST
Insolvency Event
Legal Proceedings
Loss
Material Breach
Payment Date
Released Claims
Released Matters
Released Parties
Releasing Parties
Representatives
Settlement Sum
Subsidiary
Related Body Corporate
Related Entity
Proceedings
Party/Parties
Settlement Payment
Completion Date
Covenant Not to Sue
Dispute Documentation
Existing Proceedings
Future Claims
Intellectual Property Rights
Liability
Notice
Property
Related Agreement
Third Party Rights
Working Hours
Interpretation
Settlement Terms
Payment Obligations
Release of Claims
Covenant Not to Sue
No Admission of Liability
Confidentiality
Non-Disparagement
Warranties and Representations
Tax Treatment
GST
Further Assurance
Costs
Assignment
Severability
Entire Agreement
Variation
Waiver
Notices
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Third Party Rights
Execution
Counterparts
Electronic Execution
Return of Property
Mutual Release
Indemnification
Publicity
Survival
Time of Essence
Legal Advice
Financial Services
Manufacturing
Construction
Healthcare
Technology
Retail
Professional Services
Mining and Resources
Education
Real Estate
Transportation and Logistics
Insurance
Telecommunications
Media and Entertainment
Legal
Risk Management
Compliance
Executive Leadership
Human Resources
Finance
Corporate Affairs
Operations
Commercial
Insurance
Dispute Resolution
Legal Counsel
General Counsel
Chief Legal Officer
Risk Manager
Compliance Officer
Chief Executive Officer
Chief Financial Officer
Human Resources Director
Corporate Secretary
Claims Manager
Litigation Manager
Business Unit Manager
Commercial Director
Settlement Officer
Dispute Resolution Specialist
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