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1. Parties: Identification and details of all parties involved in the settlement, including their legal capacity and authority to enter into the agreement
2. Background: Recitals describing the dispute or circumstances leading to the settlement, including reference to any ongoing litigation or claims
3. Definitions: Definitions of key terms used throughout the agreement to ensure clarity and consistent interpretation
4. Settlement Terms: Core settlement provisions including payment terms, actions to be taken, and timeline for implementation
5. Release and Waiver: Mutual release of claims and waiver of rights related to the disputed matter
6. Confidentiality: Obligations regarding confidentiality of the settlement terms and related information
7. Tax Provisions: Allocation of responsibility for any tax implications arising from the settlement
8. Representations and Warranties: Statements confirming parties' authority, understanding, and voluntary entry into the agreement
9. Governing Law: Specification of Philippine law as governing law and relevant jurisdiction
10. Entire Agreement: Confirmation that this document represents the complete agreement between parties
11. Execution: Signature blocks and execution formalities including notarization requirements
1. Non-Admission of Liability: Statement that the settlement does not constitute admission of liability (used when explicitly requested by settling party)
2. Non-Disparagement: Mutual obligations not to make negative statements about other parties (used in high-profile or sensitive settlements)
3. Return of Property: Provisions for returning documents or property (used when physical items or documents are involved)
4. Cooperation: Requirements for future cooperation between parties (used when ongoing relationship or actions are necessary)
5. Insurance and Indemnification: Provisions regarding insurance claims and indemnification (used when insurance is involved)
6. Alternative Dispute Resolution: Procedures for resolving future disputes related to the settlement (used in complex settlements)
7. Publicity: Terms regarding public announcements or statements about the settlement (used in high-profile cases)
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and methods if settlement involves installment payments
2. Release Documents: Forms of release or withdrawal documents to be filed with courts or authorities
3. Property Schedule: Detailed list of any property or items to be transferred or returned
4. Claims Schedule: Comprehensive list of claims being settled and released
5. Required Actions: Detailed list of specific actions to be taken by each party with timelines
6. Corporate Authorizations: Copies of corporate resolutions or other authorization documents
7. Related Agreements: Copies of any related agreements referenced in the main agreement
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Professional Services
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Risk Management
Finance
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Corporate Affairs
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Dispute Resolution
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Treasury
Business Development
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Corporate Secretary
Chief Legal Officer
Compliance Officer
Risk Manager
Chief Financial Officer
Human Resources Director
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