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Post Settlement Agreement

Post Settlement Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Post Settlement Agreement

"I need a Post Settlement Agreement under Saudi law for a resolved construction dispute between Al Madina Construction Co. and Royal Heights Development Ltd., including ongoing maintenance obligations and a payment schedule extending to March 2025."

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Document background
The Post Settlement Agreement is a crucial document used in Saudi Arabia following the successful resolution of a dispute between parties. It serves to formalize the implementation of settlement terms and ongoing obligations that arise after the initial settlement agreement. This document type is particularly important in the Saudi Arabian legal context, where it must align with both Sharia Law principles and modern commercial practices. It typically follows mediation, arbitration, or court proceedings and includes detailed provisions about post-settlement conduct, payment arrangements, confidentiality obligations, and compliance requirements. The agreement is essential for businesses and individuals operating in Saudi Arabia who need to ensure their settlement arrangements are properly documented and enforceable under local law.
Suggested Sections

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

2. Background: Description of the original dispute, reference to any court proceedings or arbitration, and the settlement reached

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

4. Settlement Acknowledgment: Formal acknowledgment of the settlement terms and confirmation that they have been fulfilled

5. Post-Settlement Obligations: Detailed description of ongoing obligations of each party following the settlement

6. Confidentiality: Terms regarding confidentiality of the settlement and dispute details

7. Non-Disparagement: Mutual agreements regarding public statements and communications about the settlement and parties

8. Release of Claims: Mutual release of claims related to the settled dispute

9. Governing Law and Jurisdiction: Confirmation of Saudi law as governing law and jurisdiction for any future disputes

10. Entire Agreement: Statement that this agreement represents the complete understanding between parties

11. Language: Specification that Arabic is the governing language, with optional English translation

12. Execution: Signature requirements and execution formalities

Optional Sections

1. Payment Terms: Include if there are outstanding payments or payment schedules as part of the post-settlement arrangement

2. Intellectual Property Rights: Include if the settlement involves any IP rights or ongoing IP obligations

3. Non-Compete Provisions: Include if the settlement includes restrictions on future business activities

4. Third Party Rights: Include if the settlement affects or requires cooperation from third parties

5. Insurance and Indemnification: Include if there are ongoing insurance or indemnification obligations

6. Dispute Resolution: Include if specific dispute resolution mechanisms are needed for post-settlement issues

7. Amendment Procedure: Include if parties want to specify how future amendments to the agreement should be handled

Suggested Schedules

1. Schedule 1 - Original Settlement Terms: Copy or summary of the original settlement agreement terms

2. Schedule 2 - Payment Schedule: Detailed schedule of any outstanding payments or financial obligations

3. Schedule 3 - Compliance Requirements: List of specific compliance requirements and deadlines

4. Schedule 4 - Related Documents: List of relevant court orders, settlement documents, or other related agreements

5. Appendix A - Form of Release: Template for any required release documents

6. Appendix B - Communication Protocol: Procedures for ongoing communications between parties

7. Appendix C - Execution Requirements: Specific requirements for document execution under Saudi law

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
Original Dispute
Settlement Date
Effective Date
Settlement Agreement
Settlement Sum
Parties
Business Day
Confidential Information
Dispute
Encumbrance
Force Majeure
Governing Law
Implementation Period
Liability
Original Proceedings
Payment Schedule
Performance Obligations
Related Entities
Release
Representatives
Settlement Terms
Sharia Compliant
Termination Date
Working Hours
Authorized Signatory
Compliance Requirements
Dispute Resolution Procedure
Enforcement Authority
Implementation Plan
Material Breach
Notices
Obligations
Performance Metrics
Release Date
Settlement Documentation
Substantial Compliance
Third Party Rights
Clauses
Party Identification
Recitals
Definitions
Settlement Acknowledgment
Post-Settlement Obligations
Payment Terms
Release of Claims
Confidentiality
Non-Disparagement
Compliance Requirements
Implementation
Performance Metrics
Reporting Requirements
Documentation Requirements
Communication Protocol
Representations and Warranties
Non-Compete
Non-Solicitation
Intellectual Property
Third Party Rights
Force Majeure
Assignment
Amendment
Waiver
Severability
Further Assurance
Costs
Notices
Dispute Resolution
Governing Law
Jurisdiction
Language
Counterparts
Entire Agreement
Authority
Sharia Compliance
Relevant Industries

Banking & Financial Services

Construction & Real Estate

Manufacturing

Energy & Resources

Technology

Healthcare

Retail & Consumer

Transportation & Logistics

Professional Services

Telecommunications

Relevant Teams

Legal

Compliance

Risk Management

Finance

Corporate Secretariat

Operations

Commercial

Business Development

Executive Leadership

Project Management

Relevant Roles

Legal Counsel

Compliance Officer

Chief Legal Officer

Dispute Resolution Manager

Corporate Secretary

Risk Manager

Chief Executive Officer

Chief Financial Officer

Contract Manager

Business Development Director

Commercial Director

Operations Manager

Project Manager

Industries
Sharia Law Principles: Fundamental Islamic principles that govern contracts and settlements in Saudi Arabia, including concepts of good faith (Husn al-Niyyah), mutual consent, and fair dealing
Saudi Civil Procedure Law (Royal Decree No. M/1): Governs civil procedures including enforcement of settlements, court jurisdictions, and legal proceedings in Saudi Arabia
Enforcement Law (Royal Decree No. M/53): Regulates the enforcement of settlements and judgments, including mechanisms for execution and enforcement procedures
Law of Commercial Courts (Royal Decree No. M/93): Governs commercial disputes and their resolution, including settlement procedures in commercial contexts
Saudi Contract Law: General principles governing contractual relationships, including formation, termination, and enforcement of contracts
Law of Public Notarization: Regulates the authentication and documentation requirements for legal agreements and settlements
Saudi Arbitration Law (Royal Decree No. M/34): Provides framework for arbitration and alternative dispute resolution, relevant for settlement agreements arising from 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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