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1. Parties: Identification of all parties to the agreement, including the original disputants and the third party
2. Background: Recitals explaining the nature of the dispute and the circumstances leading to the settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Terms: Detailed terms of the settlement, including monetary considerations and actions to be taken by each party
5. Role and Obligations of Third Party: Specific responsibilities and commitments of the third party in facilitating or guaranteeing the settlement
6. Payment Terms: Details of settlement amounts, payment schedule, and payment mechanisms
7. Release and Discharge: Mutual release of claims and discharge of liabilities between the parties
8. Confidentiality: Provisions regarding confidentiality of the settlement terms and related information
9. Representations and Warranties: Statements of fact and guarantees made by each party
10. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution requirements for all parties
1. Non-Admission of Liability: Statement that the settlement does not constitute admission of liability by any party - used when specifically requested by one or more parties
2. Tax Implications: Provisions addressing tax consequences of the settlement - included when settlement involves significant monetary components
3. Insurance and Indemnity: Provisions regarding insurance coverage and indemnification - used when ongoing risks need to be addressed
4. Dispute Resolution: Alternative dispute resolution mechanisms for future disputes - included when parties want to avoid court proceedings
5. Public Announcements: Provisions regarding public statements about the settlement - used in high-profile cases or when involving public entities
6. Force Majeure: Provisions for unforeseen circumstances affecting settlement implementation - used in long-term settlement arrangements
7. Assignment: Provisions regarding the ability to assign rights under the settlement - used when transferability is a concern
1. Schedule 1 - Settlement Payment Details: Detailed breakdown of settlement amounts, payment dates, and banking information
2. Schedule 2 - Settlement Actions Timeline: Chronological list of actions to be taken by each party with specific deadlines
3. Schedule 3 - Released Claims: Comprehensive list of claims being settled and released
4. Schedule 4 - Form of Release: Template for formal release documents to be executed
5. Schedule 5 - Required Documents: List of documents to be exchanged or executed as part of settlement
6. Appendix A - Original Dispute Documents: Key documents relating to the original dispute
7. Appendix B - Third Party Credentials: Relevant documentation establishing third party's authority or capacity
Applicable Law
Business Day
Claim
Confidential Information
Dispute
Effective Date
Encumbrance
Event of Default
Governing Law
Initial Payment
Liability
Loss
Material Adverse Effect
Original Agreement
Parties
Payment Date
Payment Schedule
Release
Released Claims
Released Parties
Settlement Amount
Settlement Date
Settlement Payment
Settlement Terms
Third Party
Third Party Obligations
Third Party Rights
Transaction Documents
Underlying Dispute
Security
Settlement Conditions
Completion Date
Dispute Notice
Execution Date
Force Majeure Event
Guarantee
Indemnified Parties
Interest Rate
Notice
Original Parties
Performance Obligation
Representatives
Settlement Agreement
Termination Event
Working Day
Definitions
Settlement Terms
Third Party Obligations
Payment Terms
Release and Discharge
Representations and Warranties
Confidentiality
Non-Admission of Liability
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Assignment
Notices
Severability
Entire Agreement
Amendment
Waiver
Further Assurance
Costs and Expenses
Counterparts
Third Party Rights
Indemnification
Performance Guarantee
Default
Termination
Remedies
Time of Essence
Compliance with Laws
Anti-Corruption
Public Announcements
Tax Provisions
Security
Execution
Banking and Financial Services
Insurance
Oil and Gas
Manufacturing
Construction
Real Estate
Telecommunications
Healthcare
Retail and Consumer
Transportation and Logistics
Energy
Mining
Agriculture
Technology
Professional Services
Legal
Compliance
Risk Management
Finance
Treasury
Operations
Commercial
Corporate Affairs
Dispute Resolution
Contract Management
Legal Counsel
Corporate Lawyer
Settlement Officer
Claims Manager
Risk Manager
Compliance Officer
Chief Legal Officer
Dispute Resolution Manager
Contract Administrator
Company Secretary
Chief Financial Officer
Treasury Manager
Commercial Director
Business Development Manager
Operations Manager
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