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1. Parties: Identification of all parties to the agreement, including insurance carriers if applicable
2. Background: Description of the underlying dispute and circumstances leading to the agreement
3. Definitions: Key terms used throughout the agreement, including High and Low amounts
4. High-Low Parameters: Specific details of the minimum and maximum recovery amounts
5. Payment Terms: Timing and method of payment based on the outcome
6. Release Provisions: Terms of mutual release upon settlement
7. Governing Law: Jurisdiction and applicable law
1. Confidentiality: Terms of confidentiality when parties wish to keep terms private
2. Insurance Provisions: Specific provisions related to insurance coverage when insurance companies are involved
3. Tax Provisions: Allocation of tax responsibilities when tax implications are significant
4. Alternative Dispute Resolution: Procedures for resolving disputes about the agreement when parties want to specify dispute resolution methods
1. Schedule A - Calculation Method: Detailed explanation of how the final settlement amount will be calculated
2. Schedule B - Payment Schedule: Timeline and structure of payments if applicable
3. Schedule C - Release Form: Standard form for release of claims
High Amount
Low Amount
Effective Date
Final Award
Settlement Payment
Underlying Action
Verdict
Claim
Settlement Period
Release
Parties
Insurance Carrier
Covered Claims
Payment Date
Judgment
Trial
Litigation
Dispute
Confidential Information
Released Claims
Binding Effect
Net Recovery
Settlement Documents
Legal Costs
Attorney's Fees
High-Low Parameters
Payment Terms
Release of Claims
Confidentiality
Insurance Coverage
Binding Effect
Governing Law
Jurisdiction
Dispute Resolution
Amendment and Modification
Entire Agreement
Severability
Waiver
Notices
Third Party Rights
Assignment
Costs and Expenses
Execution
Tax Treatment
Force Majeure
Indemnification
Representations and Warranties
Survival
Settlement Mechanics
Good Faith
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