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1. Parties: Identification of all parties involved in the settlement, including the third party beneficiary
2. Background: Context of the dispute and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and obligations
5. Release Provisions: Terms of release from claims and liabilities
6. Confidentiality: Obligations regarding confidentiality of settlement terms
7. Governing Law: Specification of English and Welsh law as governing law
1. Tax Provisions: Include when settlement payments have tax implications or when tax consequences need to be specifically addressed
2. Insurance Provisions: Terms relating to insurance coverage and claims - include when settlement involves insurance matters
3. Non-Disparagement: Provisions preventing parties from making negative statements - include in high-profile or sensitive settlements
1. Schedule of Payments: Detailed breakdown of settlement payments and timing
2. Schedule of Released Claims: Specific claims being settled and released
3. Form of Release: Standard form release document to be executed
4. Related Agreements: Copies of any relevant underlying agreements
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