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1. Parties: Identifies all parties to the agreement with their full legal names, addresses, and registration details if applicable
2. Background: Describes the dispute or circumstances leading to the settlement and references any previous agreements or litigation
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Settlement Amount: Specifies the total settlement amount agreed upon by the parties
5. Payment Terms: Details the payment schedule, installment amounts, and payment methods
6. Payment Conditions: Outlines any conditions precedent to payments and completion requirements
7. Tax Provisions: Addresses tax implications, TDS requirements, and responsibility for tax payments
8. Default and Remedies: Specifies what constitutes default and the consequences/remedies available
9. Release and Discharge: Details the scope of mutual release upon completion of payments
10. Confidentiality: Specifies confidentiality obligations regarding the settlement terms
11. Governing Law: Confirms Indian law as governing law and specifies jurisdiction
12. Execution: Signature blocks and execution formalities
1. Interest Provisions: Include when interest is applicable on delayed payments or installments
2. Security Arrangements: Include when payments are secured by guarantees, assets, or third-party assurances
3. Representations and Warranties: Include when specific assurances about financial capacity or authority are needed
4. Non-Admission of Liability: Include when parties want to explicitly state that settlement doesn't imply admission of liability
5. Relationship with Other Agreements: Include when settlement affects or is affected by other existing agreements
6. Force Majeure: Include when extended payment terms necessitate protection against unforeseen events
7. Assignment: Include when transfer of settlement rights needs to be addressed
8. Severability: Include when agreement complexity requires protection of remaining provisions if some are invalidated
1. Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
2. Bank Account Details: Specified bank account information for settlement payments
3. Security Documents: Copies or details of any security arrangements or guarantees
4. Tax Calculations: Detailed breakdown of tax implications and calculations
5. Related Agreements: List and copies of relevant previous agreements or court orders
6. Authority Documents: Corporate resolutions or authority documents proving signing authority
Applicable Law
Business Day
Completion Date
Confidential Information
Default Event
Default Interest
Default Notice
Dispute
Effective Date
Encumbrance
Event of Force Majeure
Execution Date
Full and Final Settlement
Governing Law
Initial Payment
Installment Payment
Interest Rate
Original Dispute
Outstanding Amount
Parties
Payment Date
Payment Schedule
Prior Agreements
Release
Relevant Period
Security
Settlement Amount
Settlement Sum
Settled Claims
Stamp Duty
Tax
TDS
Working Day
Bank Account
Guarantor
Payment Method
Related Parties
Settlement Currency
Supporting Documents
Definitions
Settlement Amount
Payment Terms
Payment Schedule
Default
Interest
Security
Tax Compliance
Representations and Warranties
Confidentiality
Release and Discharge
Non-Admission of Liability
Further Assurance
Assignment
Severability
Force Majeure
Notices
Entire Agreement
Amendment
Waiver
Costs
Counterparts
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Time of Essence
Good Faith
Relationship of Parties
Banking & Financial Services
Manufacturing
Real Estate & Construction
Information Technology
Retail & Consumer Goods
Healthcare & Pharmaceuticals
Energy & Utilities
Telecommunications
Professional Services
Insurance
Transportation & Logistics
Mining & Natural Resources
Legal
Finance
Compliance
Treasury
Accounts Receivable
Accounts Payable
Risk Management
Corporate Secretarial
Business Development
Contract Administration
Credit Control
Legal Counsel
Chief Financial Officer
Finance Manager
Compliance Officer
Risk Manager
Treasury Manager
Accounts Receivable Manager
Accounts Payable Manager
Corporate Secretary
Business Development Manager
Contract Administrator
Dispute Resolution Officer
Credit Controller
Financial Controller
General Counsel
Chief Legal Officer
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