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1. Parties: Identification and details of all parties involved in the settlement agreement
2. Background: Context of the incident causing damage and the dispute leading to settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Description of Damage: Detailed description of the damage or loss that is subject to settlement
5. Settlement Amount: Specific amount agreed upon for settlement and payment terms
6. Release and Discharge: Terms of release from liability and discharge of claims
7. Confidentiality: Obligations regarding confidentiality of settlement terms
8. Full and Final Settlement: Confirmation that this settlement represents complete resolution of all claims
9. Governing Law: Specification of Malaysian law as governing law and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Payment Schedule: Include when settlement amount is to be paid in installments rather than lump sum
2. Insurance Provisions: Include when insurance companies are involved in the settlement
3. Non-Admission of Liability: Include when settling party wishes to explicitly state settlement does not constitute admission of liability
4. Tax Implications: Include when settlement amount has significant tax consequences requiring specific provisions
5. Non-Disparagement: Include when parties wish to prevent negative statements about each other
6. Future Claims: Include when need to address potential future or unknown claims
7. Return of Property: Include when settlement involves return of property or documents
1. Schedule A - Damage Report: Detailed documentation of damage including photographs, expert reports, and valuations
2. Schedule B - Payment Terms: Detailed payment schedule if applicable, including dates, amounts, and payment methods
3. Schedule C - Release Documentation: Forms and documents related to the release of claims
4. Appendix 1 - Incident Report: Official reports or documentation of the incident causing damage
5. Appendix 2 - Evidence of Loss: Supporting documentation proving extent of loss or damage
6. Appendix 3 - Insurance Documentation: Relevant insurance policies and correspondence if applicable
Claim
Claimant
Damage
Effective Date
Incident
Loss
Payment
Property
Release
Settlement Amount
Settlement Date
Settling Party
Supporting Documents
Confidential Information
Business Day
Identity Card
Governing Law
Jurisdiction
Liability
Insurance Policy
Payment Date
Incident Location
Witness
Settlement Terms
Payment
Release
Confidentiality
Representations and Warranties
Non-Admission
Indemnification
Governing Law
Dispute Resolution
Entire Agreement
Severability
Force Majeure
Assignment
Notices
Amendment
Waiver
Further Assurance
Costs
Counterparts
Non-Disparagement
Insurance
Termination
Survival
Construction
Manufacturing
Real Estate
Insurance
Transportation and Logistics
Retail
Healthcare
Professional Services
Property Management
Industrial
Automotive
Maritime
Legal
Risk Management
Claims
Compliance
Operations
Property Management
Insurance
Facilities Management
Contract Administration
Corporate Secretariat
Legal Counsel
Risk Manager
Claims Manager
Compliance Officer
Operations Manager
Property Manager
Insurance Adjuster
Facility Manager
Contract Administrator
Corporate Secretary
Chief Legal Officer
Settlement Officer
Claims Adjuster
Risk Assessment Officer
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