Commercial Settlement Agreement Template for Belgium

1. Confidentiality: Terms regarding the confidentiality of the settlement and its terms, used when parties wish to keep the settlement private

2. Non-Disparagement: Mutual agreements not to make negative statements about other parties, included when reputation protection is important

3. Ongoing Business Relationship: Terms governing future business interactions, included when parties will continue to do business

4. Third Party Rights: Provisions regarding the rights of third parties under the settlement, included when settlement affects other parties

5. Insurance and Indemnity: Provisions regarding insurance obligations and indemnification, included when relevant to the settlement terms

6. Breach and Remedies: Specific consequences and remedies for breach of settlement terms, included for complex settlements

7. Force Majeure: Provisions for unforeseen circumstances affecting settlement implementation, included for long-term settlements

8. Severability: Provisions ensuring partial invalidity doesn't void entire agreement, included for complex settlements

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and methods if payment is to be made in installments

2. Schedule 2 - Released Claims: Comprehensive list of all claims being settled and released

3. Schedule 3 - Settlement Calculation: Detailed calculation of settlement amount including any adjustments or deductions

4. Schedule 4 - Required Actions: List of specific actions to be taken by parties as part of the settlement

5. Appendix A - Related Agreements: Copies or references to other agreements affected by or relevant to the settlement

6. Appendix B - Corporate Authorizations: Copies of corporate approvals or authorizations required for the settlement

7. Appendix C - Supporting Documents: Key documents referenced in the settlement agreement or supporting the settlement terms