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1. Parties: Identification of all parties to the agreement including the insurer, insured, and third party
2. Background: Details of the incident, insurance claim, and circumstances leading to the subrogation settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Amount: Specification of the settlement sum and payment terms
5. Subrogation Rights: Express transfer of rights from insured to insurer
6. Release and Discharge: Mutual release of claims and discharge of liabilities
7. Representations and Warranties: Standard representations by all parties regarding authority and capacity to enter agreement
8. Confidentiality: Obligations regarding confidentiality of settlement terms
9. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
10. Notices: Process and addresses for serving notices under the agreement
11. Entire Agreement: Confirmation that this document represents the entire agreement between parties
1. Multiple Insurer Provisions: Required when multiple insurers are involved in the subrogation claim
2. Ongoing Litigation Provisions: Required when there is pending litigation that needs to be withdrawn
3. Future Cooperation: Include when ongoing cooperation may be needed for related matters
4. Tax Implications: Include when settlement has significant tax consequences requiring specific provisions
5. Partial Settlement Provisions: Required when the settlement covers only part of the total claim
6. Third Party Rights: Include when other parties' rights might be affected by the settlement
1. Schedule 1 - Claim Details: Detailed description of the insurance claim and incident
2. Schedule 2 - Payment Schedule: If payment is to be made in installments, details of payment dates and amounts
3. Schedule 3 - Supporting Documents: List of all relevant documentation supporting the claim and settlement
4. Schedule 4 - Related Proceedings: Details of any related legal proceedings or claims
5. Appendix A - Power of Attorney: If applicable, power of attorney documentation
6. Appendix B - Corporate Authorizations: Corporate resolutions or authorizations for entering into the agreement
Claim
Claim Amount
Confidential Information
Effective Date
Event of Loss
Incident
Insurance Policy
Insured
Insurer
Legal Proceedings
Loss
Original Claim
Parties
Policy Period
Recovery Rights
Related Documents
Release
Settlement Amount
Settlement Date
Subrogated Rights
Subrogation
Subrogation Claim
Third Party
Underlying Insurance Policy
Business Day
Dispute
Governing Law
Insurance Claim
Jurisdiction
Notice
Payment Date
Representatives
Supporting Documentation
Definitions
Settlement Terms
Payment
Subrogation Rights
Assignment
Release and Discharge
Representations and Warranties
Indemnification
Confidentiality
Further Assurance
Severability
Force Majeure
Entire Agreement
Amendment
Waiver
Notices
Governing Law
Jurisdiction
Dispute Resolution
Costs
Time of Essence
Authorization
Counterparts
Third Party Rights
No Admission of Liability
Cooperation
Insurance
Legal Services
Financial Services
Manufacturing
Construction
Transportation and Logistics
Healthcare
Real Estate
Maritime and Shipping
Energy and Utilities
Retail and Consumer Goods
Professional Services
Legal
Insurance Operations
Risk Management
Compliance
Claims Processing
Corporate Affairs
Underwriting
Recovery Operations
Policy Administration
Dispute Resolution
Insurance Claims Manager
Legal Counsel
Risk Manager
Compliance Officer
Insurance Underwriter
Claims Adjuster
Corporate Lawyer
Insurance Operations Manager
Settlement Officer
Legal Risk Analyst
Insurance Recovery Specialist
Subrogation Manager
Chief Legal Officer
Insurance Policy Manager
Recovery Operations Manager
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