Money Settlement Agreement Template for Saudi Arabia

1. Tax Provisions: Include when tax implications need to be addressed explicitly, particularly for international settlements

2. Currency Exchange: Required when settlement involves multiple currencies or international payments

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

4. Interest Provisions: Optional section for late payment consequences, structured to be Sharia-compliant

5. Severability: Include when parties want to ensure partial invalidity doesn't affect entire agreement

6. Force Majeure: Include when parties want to address potential external events affecting payment schedule

7. Representatives and Warranties: Include when specific representations about the parties' authority or settlement circumstances are needed

1. Payment Schedule: Detailed breakdown of payment instalments, dates, and amounts if payment is not made in one lump sum

2. Bank Details: Complete banking information for all parties involved in the settlement

3. Related Documents: List of all relevant documents referenced in the settlement agreement

4. Power of Attorney: If applicable, documentation of authority to enter into the settlement

5. Supporting Evidence: Key documents evidencing the original dispute or claim being settled

6. Calculation of Settlement Amount: Detailed breakdown of how the settlement amount was calculated