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1. Parties: Identification of all parties to the settlement agreement, including full legal names, addresses, and registration details
2. Background/Recitals: Description of the original construction contract, project details, and nature of disputes leading to settlement
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation
4. Settlement Sum: Clear statement of the agreed settlement amount and what it covers
5. Payment Terms: Detailed payment schedule, method of payment, and currency
6. Release and Waiver: Mutual releases from claims and disputes related to the settled matters
7. Confidentiality: Obligations regarding confidentiality of the settlement terms and disputes
8. Final Settlement and No Admission: Confirmation that this is a final settlement and not an admission of liability
9. Representations and Warranties: Basic warranties regarding authority to settle and binding nature of agreement
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
11. Entire Agreement: Confirmation that this document represents the entire agreement regarding the settlement
12. Execution: Execution provisions and signature blocks compliant with UAE law requirements
1. Ongoing Warranties: Required when certain construction warranties need to survive the settlement
2. Retention Release: Used when the settlement involves release of retention monies
3. Outstanding Works: Needed when settlement includes agreement on completion of remaining works
4. Third Party Rights: Required when settlement affects rights of third parties (e.g., subcontractors)
5. Tax Provisions: Necessary when settlement has significant tax implications
6. Insurance Obligations: Required when ongoing insurance obligations need to be addressed
7. Dispute Resolution Process: Optional detailed dispute resolution process for future disputes
8. Interim Arrangements: Required when settlement involves phased implementation
1. Schedule 1 - Payment Schedule: Detailed breakdown of settlement payments, including dates and amounts
2. Schedule 2 - Settled Claims: Comprehensive list of all claims being settled under the agreement
3. Schedule 3 - Outstanding Works: Details of any remaining works to be completed
4. Schedule 4 - Release Documentation: Forms of release or discharge to be executed
5. Schedule 5 - Project Details: Details of the original project and contract
6. Appendix A - Original Contract Documents: Reference copies of relevant original contract documents
7. Appendix B - Correspondence: Key correspondence relating to the disputed matters
8. Appendix C - Technical Reports: Any relevant technical reports or assessments
Construction
Real Estate Development
Infrastructure
Commercial Property
Residential Development
Industrial Construction
Energy and Utilities
Healthcare Facilities
Hospitality and Tourism
Transportation
Education Facilities
Retail Development
Legal
Construction
Commercial
Finance
Operations
Project Management
Risk and Compliance
Contracts Administration
Technical Services
Executive Leadership
Claims Management
Project Controls
Construction Manager
Project Director
Legal Counsel
Contract Manager
Chief Executive Officer
Commercial Director
Project Manager
Claims Manager
Financial Controller
Operations Director
Risk Manager
Technical Director
Senior Quantity Surveyor
Construction Legal Partner
Compliance Officer
Chief Financial Officer
Project Control Manager
Site Manager
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