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1. Parties: Identifies and defines all parties to the agreement, including their legal status and addresses
2. Background: Recitals explaining the context of the dispute and the intention to settle
3. Definitions: Defines key terms used throughout the agreement
4. Settlement Terms: Details the core settlement provisions including payment amounts and timing
5. Release and Discharge: Comprehensive release of claims between the parties
6. Warranties and Representations: Statements of fact and promises made by each party
7. Tax Implications: Addresses responsibility for any tax consequences of the settlement
8. Confidentiality: Obligations regarding non-disclosure of settlement terms
9. Entire Agreement: Confirms this document represents the complete agreement between parties
10. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution requirements
1. Payment Schedule: Include when settlement involves installment payments or complex payment terms
2. Non-Disparagement: Include when parties agree not to make negative statements about each other
3. Return of Property: Include when physical items or documents need to be returned
4. Future Cooperation: Include when parties need to cooperate on ongoing matters
5. Insurance Claims: Include when settlement involves insurance claims or coverage
6. Third Party Rights: Include when settlement affects rights of parties not directly involved
7. Severability: Include when agreement needs protection against partial invalidity
8. Anti-Money Laundering Compliance: Include for large settlements or when required by regulations
1. Schedule 1 - Payment Terms: Detailed breakdown of payment amounts, dates, and methods
2. Schedule 2 - List of Disputes: Comprehensive list of all disputes being settled
3. Schedule 3 - Related Proceedings: List of any court or arbitration proceedings being terminated
4. Schedule 4 - Release Documents: Forms of release or discharge to be executed
5. Schedule 5 - Related Agreements: List of any agreements being terminated or modified
6. Appendix A - Supporting Documents: Copies of relevant documents referenced in the agreement
Applicable Law
Business Day
Claims
Completion Date
Confidential Information
Dispute
Effective Date
Encumbrance
Group Companies
Liabilities
Losses
Material Adverse Effect
Original Dispute
Parties
Payment
Related Entities
Release
Representatives
Settlement Amount
Settlement Date
Settlement Payment
Settlement Sum
Settled Matters
Signing Date
Subsidiary
Tax
Third Party
Working Day
Nigerian Courts
Released Claims
Released Parties
Outstanding Obligations
Completion
Dispute Documentation
Settlement Payment
Release and Discharge
Confidentiality
Non-Admission of Liability
Warranties and Representations
Tax Indemnity
Further Assurance
Assignment
Severability
Entire Agreement
Force Majeure
Notices
Non-Disparagement
Governing Law
Jurisdiction
Costs
Amendment
Waiver
Counterparts
Third Party Rights
Time of Essence
Enforcement
Return of Property
Indemnification
Dispute Resolution
Stamp Duty
Good Faith
Banking and Finance
Oil and Gas
Manufacturing
Construction
Real Estate
Technology
Telecommunications
Insurance
Retail
Healthcare
Transportation
Mining
Agriculture
Professional Services
Education
Legal
Compliance
Risk Management
Human Resources
Finance
Executive Leadership
Operations
Commercial
Corporate Affairs
Insurance
Corporate Secretariat
Legal Counsel
Chief Legal Officer
Risk Manager
Compliance Officer
Chief Executive Officer
Chief Financial Officer
Human Resources Director
Commercial Director
Claims Manager
Settlement Officer
Dispute Resolution Manager
Company Secretary
Business Development Manager
Operations Manager
Contract Manager
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