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1. Parties: Identification of all parties to the settlement agreement, including their full legal names, addresses, and registration details
2. Background: Context of the dispute or circumstances leading to the settlement agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Amount: Clear statement of the total settlement amount agreed upon by the parties
5. Payment Terms: Detailed payment schedule, including amounts, dates, and method of payment
6. Payment Method: Specified means of payment, including bank account details and transfer instructions
7. Default Provisions: Consequences of failing to meet payment obligations and remedies available
8. Release and Discharge: Mutual release of claims upon completion of payment terms
9. Confidentiality: Obligations regarding confidentiality of the settlement terms
10. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and jurisdiction for disputes
11. Entire Agreement: Statement that this document represents the complete agreement between parties
12. Execution: Signature blocks and execution requirements
1. Interest Terms: Applied when interest is chargeable on late payments or installments
2. Security Provisions: Used when collateral or guarantees are required to secure the payment obligations
3. Early Payment Provisions: Include when early payment discounts or options are offered
4. Force Majeure: Added when parties want specific provisions for unforeseen circumstances affecting payment ability
5. Tax Implications: Include when there are specific tax considerations affecting the settlement payments
6. Currency Exchange: Required when payments involve multiple currencies
7. Third-Party Guarantor: Include when a guarantor is providing additional security for the payments
8. Installment Acceleration: Used when there are provisions for accelerating future payments upon default
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
2. Schedule 2 - Bank Account Details: Complete banking information for making payments
3. Schedule 3 - Security Documents: Details of any security or collateral provided
4. Appendix A - Original Dispute Documentation: Reference documents relating to the original dispute
5. Appendix B - Calculation of Settlement Amount: Detailed calculation showing how the settlement amount was determined
6. Appendix C - Form of Payment Confirmation: Template for confirming receipt of payments
7. Appendix D - Release Documentation: Forms for releasing claims upon completion of payments
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