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1. Parties: Identification of all parties to the agreement, including the insurer, insured, and any other relevant parties
2. Background: Context of the insurance claim, incident details, and circumstances leading to the settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Amount: Clear statement of the settlement sum and payment terms
5. Release and Discharge: Comprehensive release of claims against the insurer and related parties
6. Confidentiality: Terms regarding the confidentiality of the settlement and its terms
7. Tax and Expenses: Responsibility for taxes, costs, and expenses related to the settlement
8. Warranties and Representations: Statements of fact and assurances from both parties
9. Governing Law and Jurisdiction: Confirmation of Irish law governance and jurisdiction
10. Entire Agreement: Confirmation that this document represents the complete agreement between parties
11. Execution: Signature blocks and execution requirements
1. Third Party Rights: Required when the settlement affects rights of parties not directly involved in the agreement
2. Future Medical Expenses: Needed for personal injury settlements where future medical costs may arise
3. Indemnification: Include when one party needs to protect the other from future claims
4. Non-Admission of Liability: Optional clause stating that settlement does not constitute admission of liability
5. Return of Documents: Include when sensitive documents need to be returned as part of settlement
6. Publicity: Additional terms regarding public statements about the settlement
7. Insurance Policy Termination: Required when the settlement includes termination of existing insurance policies
8. Claims Cooperation: Include when ongoing cooperation is needed for related claims
1. Schedule 1 - Settlement Calculation: Detailed breakdown of the settlement amount and calculations
2. Schedule 2 - Payment Schedule: If payment is in installments, detailed payment dates and amounts
3. Schedule 3 - Released Claims: Comprehensive list of all claims being settled and released
4. Schedule 4 - Supporting Documents: List of all relevant documentation supporting the settlement
5. Appendix A - Original Insurance Policy: Copy or details of the relevant insurance policy
6. Appendix B - Claim Documentation: Copies of relevant claim documents and correspondence
7. Appendix C - Medical Reports: For personal injury cases, copies of relevant medical reports
8. Appendix D - Court Orders: Copies of any relevant court orders or proceedings
Claim
Claimant
Claim Documentation
Completion Date
Confidential Information
Effective Date
Incident
Insurance Policy
Insured
Insurer
Legal Costs
Loss
Parties
Policy Period
Released Claims
Released Parties
Settlement Amount
Settlement Payment
Settlement Sum
Supporting Documents
Third Party Administrator
Underlying Claim
Working Day
Related Proceedings
Representatives
Insurance Broker
Medical Reports
Policy Number
Claim Reference Number
Dispute
Jurisdiction
Governing Law
Release
Settled Claims
Interpretation
Settlement Payment
Release
Discharge
Indemnification
Confidentiality
Non-Disclosure
Payment Terms
Tax
Expenses
Warranties
Representations
Further Assurance
Assignment
Severability
Entire Agreement
Variation
Waiver
Notice
Force Majeure
Governing Law
Jurisdiction
Execution
Authority
Non-Admission
Third Party Rights
Counterparts
Good Faith
Data Protection
Compliance
Future Claims
Document Return
Publicity
Insurance Policy Termination
Insurance
Legal Services
Healthcare
Construction
Manufacturing
Transportation
Real Estate
Financial Services
Retail
Professional Services
Maritime
Aviation
Legal
Claims
Risk Management
Compliance
Operations
Underwriting
Policy Administration
Document Management
Corporate Affairs
Insurance Operations
Insurance Claims Manager
Legal Counsel
Risk Manager
Claims Adjuster
Insurance Underwriter
Compliance Officer
Settlement Officer
Insurance Broker
Claims Handler
Policy Administrator
Legal Operations Manager
Insurance Operations Director
Loss Adjuster
Corporate Counsel
Insurance Contract Specialist
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