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After Settlement Agreement for United Arab Emirates

After Settlement Agreement Template for United Arab Emirates

An After Settlement Agreement under UAE law is a formal legal document that finalizes and documents the terms of a settlement reached between parties following a dispute resolution process. This agreement, governed by UAE Federal Law No. 5 of 1985 (Civil Code) and related regulations, sets out the detailed terms of settlement, including payment obligations, mutual releases, and future conduct requirements. The document incorporates specific UAE legal requirements for enforcement, including proper execution protocols and jurisdiction clauses, while ensuring compliance with local commercial practices and Sharia principles where applicable.

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After Settlement Agreement

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What is a After Settlement Agreement?

The After Settlement Agreement is a crucial document used in the UAE legal framework to formalize and implement settlement terms reached between parties following the resolution of a dispute. This document type is particularly important in the UAE's business environment, where it must comply with both civil law requirements and local commercial practices. The agreement typically follows mediation, negotiation, or court proceedings, and serves to prevent future litigation by clearly documenting all settlement terms. It includes specific provisions required under UAE law for enforceability, such as detailed payment terms, comprehensive releases, and proper execution requirements. The After Settlement Agreement must be carefully drafted to ensure it is compliant with UAE Federal Laws, including the Civil Code and Civil Procedure Law, and may need to consider additional requirements if involving government entities or free zone companies.

What sections should be included in a After Settlement Agreement?

1. Parties: Detailed identification of all parties involved in the settlement, including their full legal names, addresses, and registration details if corporate entities

2. Background: Recitals explaining the context of the original dispute, any prior proceedings, and the parties' intention to settle

3. Definitions: Definitions of key terms used throughout the agreement, including references to the original dispute and settlement terms

4. Settlement Terms: Detailed description of the agreed settlement, including payment amounts, payment schedule, and any other obligations

5. Release and Waiver: Mutual release of claims and waiver of rights related to the original dispute

6. Payment Terms: Specific details of payment arrangements, including method, currency, and timing

7. Confidentiality: Obligations regarding confidentiality of the settlement terms and related discussions

8. Non-Disparagement: Mutual agreements not to make negative statements about other parties

9. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction

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

11. Execution: Signing requirements and effective date of the agreement

What sections are optional to include in a After Settlement Agreement?

1. Non-Admission of Liability: Statement that the settlement does not constitute admission of liability (used when specifically requested by settling party)

2. Tax Implications: Addresses tax responsibilities for settlement payments (used when settlement involves significant monetary compensation)

3. Future Cooperation: Terms for ongoing business relationship if parties plan to continue working together

4. Insurance and Indemnification: Details about insurance coverage and indemnification obligations (used when relevant to the original dispute)

5. Publicity and Announcements: Guidelines for public statements about the settlement (used in high-profile cases)

6. Return of Documents: Provisions for returning confidential documents (used when sensitive information was exchanged)

7. Dispute Resolution: Alternative dispute resolution mechanisms for settlement-related disputes (used in complex settlements)

What schedules should be included in a After Settlement Agreement?

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

2. Schedule 2 - Released Claims: Comprehensive list of all claims being settled and released

3. Schedule 3 - Settlement Assets: Details of any assets or properties involved in the settlement

4. Schedule 4 - Required Actions: List of specific actions parties must take to fulfill settlement terms

5. Appendix A - Original Dispute Documents: Reference copies of key documents from the original dispute

6. Appendix B - Form of Release: Template for any additional release documents required

7. Appendix C - Communication Protocol: Procedures for communications between parties post-settlement

Authors

Alex Denne

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

Cost

Free to use
Relevant legal definitions






























Clauses




























Relevant Industries

Banking and Financial Services

Real Estate and Construction

Energy and Resources

Manufacturing

Trading and Distribution

Technology and Communications

Healthcare

Hospitality and Tourism

Professional Services

Transportation and Logistics

Insurance

Retail

Relevant Teams

Legal

Compliance

Finance

Risk Management

Corporate Governance

Operations

Commercial

Treasury

Executive Leadership

Dispute Resolution

Relevant Roles

Legal Director

General Counsel

Corporate Lawyer

Dispute Resolution Manager

Compliance Officer

Chief Legal Officer

Settlement Administrator

Legal Operations Manager

Risk Manager

Commercial Director

Chief Financial Officer

Contract Manager

Company Secretary

Head of Legal

Litigation Counsel

Industries






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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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