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.
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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
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)
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
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