The Settlement Agreement with Agreed Judgment is utilized when parties wish to resolve their dispute through settlement while maintaining the enforceability advantages of a court judgment. This document type, governed by the laws of England and Wales, is particularly valuable where there are concerns about future enforcement or where a court order is required for specific purposes. The agreement typically includes comprehensive settlement terms, mutual releases, and a draft judgment that both parties agree should be entered by the court. This approach offers greater security than a standard settlement agreement while avoiding the cost and uncertainty of full litigation.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the dispute and circumstances leading to settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and obligations
5. Agreed Judgment Terms: Specific terms to be included in the court judgment
6. Release Provisions: Mutual releases and waivers of claims
7. Confidentiality: Terms regarding confidentiality of settlement
8. Governing Law and Jurisdiction: Specification of applicable law and courts
1. Tax Provisions: Additional terms addressing tax implications of the settlement when monetary compensation is involved
2. Non-disparagement: Provisions preventing parties from making negative statements about each other, typically used in high-profile cases
3. Future Cooperation: Terms governing ongoing relationship between parties when business relationship needs to continue
4. Insurance Provisions: Details of insurance arrangements when insurance companies are involved in settlement
1. Schedule 1 - Form of Agreed Judgment: Draft of the judgment to be entered by court
2. Schedule 2 - Payment Schedule: Details of payment arrangements if applicable
3. Schedule 3 - Released Claims: Detailed list of claims being settled
4. Appendix A - Related Documents: Copies of relevant agreements or court documents
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