Amicable Settlement Agreement Template for Saudi Arabia

1. Asset Transfer Provisions: Required when settlement involves transfer of assets or property

2. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

3. Future Cooperation: Include when parties need to maintain ongoing business relationship

4. Tax Implications: Required when settlement has significant tax consequences

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

6. Force Majeure: Optional clause for settlements with ongoing obligations

7. Dispute Resolution: Optional detailed procedure for resolving future disputes about the settlement itself

8. Regulatory Compliance: Required when settlement involves regulated activities or sectors

1. Payment Schedule: Detailed breakdown of payment amounts, dates, and methods

2. Asset Schedule: List and description of any assets being transferred as part of settlement

3. Release Documentation: Forms or documents to be filed with courts or authorities

4. Existing Proceedings Schedule: List of all legal proceedings to be discontinued

5. Required Actions Schedule: Detailed list of specific actions each party must take to implement the settlement

6. Form of Notice: Template for any required notices or communications under the agreement