A Civil Lawsuit Settlement Agreement is used when parties involved in civil litigation in England and Wales decide to resolve their dispute without proceeding to full trial. This document becomes necessary when parties reach a compromise and need to formally document their settlement terms. It includes essential elements such as settlement amount, payment terms, mutual releases, and confidentiality provisions. The agreement must comply with English and Welsh law, particularly the Civil Procedure Rules 1998, and typically results in the discontinuance of court proceedings.
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1. Parties: Identifies and defines all parties to the settlement
2. Background: Outlines the dispute and proceedings leading to settlement
3. Definitions: Defines key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and timing
5. Release Provisions: Mutual releases from claims and liabilities
6. Confidentiality: Terms regarding confidentiality of settlement
7. Governing Law: Specifies English and Welsh law as governing law
1. Tax Provisions: Include when settlement payment has tax implications
2. Non-Disparagement: Mutual agreements not to make negative statements about other parties
3. Implementation Steps: Specific actions required to implement settlement
4. Insurance Provisions: Insurance-related terms and requirements
1. Payment Schedule: Details of payment amounts and timing if installment payments are agreed
2. Form of Release: Standard form of release to be executed by the parties
3. Related Proceedings: List of all related legal proceedings to be discontinued
4. Agreed Public Statement: Any agreed form of public announcement regarding the settlement
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