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1. Parties: Identification of all parties to the settlement agreement, including full legal names, addresses, and any relevant business details
2. Background: Brief description of the dispute, including reference to any court/tribunal proceedings and claim numbers
3. Definitions: Clear definitions of key terms used in the agreement
4. Settlement Terms: The core agreement, including the settlement amount and any non-monetary terms
5. Payment Terms: Details of how and when payments will be made, including installment arrangements if applicable
6. Release: Mutual release of claims related to the dispute
7. Confidentiality: Basic confidentiality provisions regarding the terms of settlement
8. Enforcement: Agreement that the settlement may be enforced through relevant courts/tribunals
9. Execution: Signature blocks and execution details
1. Non-Disparagement: Optional clause preventing parties from making negative statements about each other, useful in business or personal disputes
2. Return of Property: Include when settlement involves return of goods or documents
3. Warranty Works: For disputes involving defective goods/services where remedial work is part of settlement
4. Third Party Release: When settlement affects rights against third parties
5. Insurance Claims: Where insurance companies are involved in the settlement
6. Default Provisions: Specific consequences if settlement terms are not met, particularly useful for installment payments
1. Payment Schedule: Detailed breakdown of payment amounts and dates if installment payments are agreed
2. List of Claims: Itemized list of all claims being settled
3. Evidence of Claim: Copies of relevant documents proving the original claim
4. Remedial Works Schedule: Detailed description of any repair or remedial work to be completed
5. Property Schedule: List of any items to be returned or transferred between parties
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