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Arbitration Settlement Agreement

Arbitration Settlement Agreement Template for Philippines

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Key Requirements PROMPT example:

Arbitration Settlement Agreement

"I need an Arbitration Settlement Agreement under Philippine law for a construction dispute between ABC Construction Corp and XYZ Development Inc, with a settlement amount of 25 million pesos to be paid in installments by March 2025, including provisions for the release of construction liens and warranties for completed work."

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Document background
An Arbitration Settlement Agreement is a crucial document used when parties involved in arbitration proceedings in the Philippines decide to resolve their dispute through mutual agreement rather than proceeding to a final arbitral award. This document type is particularly relevant in the Philippine context, where alternative dispute resolution is actively encouraged under Republic Act No. 9285 and related regulations. The agreement captures all essential terms of settlement, including payment obligations, mutual releases, and implementation timelines. It can be registered with the appropriate arbitration institution or court to ensure enforceability, and its terms must comply with Philippine public policy and legal requirements. This document is especially important for businesses operating in the Philippines who wish to document their negotiated resolution of disputes while maintaining the benefits of the arbitration framework.
Suggested Sections

1. Parties: Identification and details of all parties to the settlement agreement, including their legal names, addresses, and registration details if corporate entities

2. Background: Description of the dispute, reference to the arbitration proceedings, and context leading to the settlement

3. Definitions: Definitions of key terms used throughout the agreement

4. Settlement Terms: Detailed description of the agreed settlement, including payment terms, actions to be taken, and timelines

5. Release and Waiver: Mutual release of claims and waiver of rights related to the disputed matters

6. Confidentiality: Obligations regarding confidentiality of the settlement terms and related information

7. Implementation: Specific steps and timeline for implementing the settlement terms

8. Enforcement: Provisions regarding the enforcement of the settlement agreement and its status as an arbitral award

9. Governing Law: Specification of Philippine law as the governing law and relevant jurisdictional provisions

10. Entire Agreement: Confirmation that this document represents the entire agreement between the parties

11. Execution: Signature blocks and execution formalities

Optional Sections

1. Tax Provisions: Include when the settlement involves significant financial transactions or tax implications

2. Non-Disparagement: Include when parties wish to prevent public criticism or negative statements

3. Continuing Obligations: Include when certain obligations from the original agreement should survive

4. Third Party Rights: Include when the settlement affects rights of parties not directly involved in the arbitration

5. Insurance and Indemnity: Include when there are ongoing insurance or indemnification requirements

6. Future Dispute Resolution: Include when parties want to specify how future disputes about the settlement will be resolved

7. Public Announcements: Include when parties need to coordinate public statements about the settlement

Suggested Schedules

1. Schedule A - Payment Terms: Detailed breakdown of payment amounts, schedules, and methods

2. Schedule B - Implementation Timeline: Detailed timeline for implementing various aspects of the settlement

3. Schedule C - Released Claims: Comprehensive list of claims being released through the settlement

4. Schedule D - Required Actions: Specific actions required from each party to implement the settlement

5. Appendix 1 - Original Arbitration Notice: Copy of the original arbitration notice or demand

6. Appendix 2 - Power of Attorney: Powers of attorney or corporate authorizations if applicable

7. Appendix 3 - Supporting Documents: Key documents referenced in the settlement agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Arbitration
Arbitration Proceedings
Arbitration Rules
Arbitral Tribunal
Business Day
Claim
Claimant
Confidential Information
Dispute
Effective Date
Encumbrance
Governing Law
Implementation Date
Legal Proceedings
Losses
Notice
Original Agreement
Parties
Payment Date
Released Claims
Released Parties
Respondent
Settlement Amount
Settlement Payment
Settlement Terms
Subject Matter
Third Party
Working Day
Representatives
Related Entities
Relevant Documents
Implementation Schedule
Completion Date
ADR Act
Implementing Rules
Arbitration Institution
Enforcement Proceedings
Jurisdiction
Material Breach
Philippine Law
Clauses
Interpretation
Definitions
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-Disclosure
Non-Disparagement
Implementation
Conditions Precedent
Representations and Warranties
Covenants
Enforcement
Further Assurance
Assignment
Severability
Entire Agreement
Amendment
Notices
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Costs and Expenses
Tax
Indemnification
Authority
No Admission of Liability
Waiver
Third Party Rights
Execution
Counterparts
Good Faith
Time of Essence
Survival
Publicity
Relevant Industries

Construction

Real Estate

Manufacturing

Financial Services

Technology

Energy

Infrastructure

Mining

Telecommunications

International Trade

Maritime

Healthcare

Retail

Professional Services

Agriculture

Relevant Teams

Legal

Compliance

Executive Leadership

Finance

Risk Management

Corporate Secretariat

Business Development

Operations

Commercial

Project Management

Corporate Affairs

Administrative

Relevant Roles

Legal Counsel

Chief Legal Officer

Arbitration Specialist

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Risk Manager

Corporate Secretary

Business Development Director

Contract Manager

Project Manager

Operations Director

General Counsel

Settlement Administrator

Commercial Director

Industries
Republic Act No. 9285: Alternative Dispute Resolution Act of 2004 - The primary legislation governing arbitration in the Philippines, providing the legal framework for alternative dispute resolution methods including arbitration
Civil Code of the Philippines: Particularly Book IV on Obligations and Contracts - Provides the basic rules on contract formation, validity, and enforcement applicable to settlement agreements
New York Convention: Convention on the Recognition and Enforcement of Foreign Arbitral Awards - International treaty providing for the recognition and enforcement of foreign arbitral awards in the Philippines
A.M. No. 07-11-08-SC: Special Rules of Court on Alternative Dispute Resolution - Provides the procedural rules for court proceedings related to arbitration and enforcement of arbitration agreements
Department of Justice Circular No. 98-2009: Implementing Rules and Regulations of the Alternative Dispute Resolution Act of 2004 - Detailed regulations on how the ADR Act should be implemented
Republic Act No. 876: Arbitration Law - Although largely superseded by RA 9285, some provisions remain relevant for domestic arbitration
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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