How is Amicable Settlement defined in a legal contract?
- Amicable Settlement means any disputes related to this agreement or its execution, encompassing the scope, interpretation, or application, shall be resolved amicably via negotiation and discussion between the parties involved. Seen in 3 SEC Filings
- Amicable Settlement means that the parties will use their best efforts to resolve any dispute, controversy or claim deriving from this agreement, its breach, termination, or invalidity, in a friendly manner. If the parties wish to reach such a settlement through conciliation, they will follow the UNCITRAL Conciliation Rules or any other procedure both parties agree on. Seen in 3 SEC Filings
- Amicable Settlement means any dispute, controversy, or difference originating from or related to this agreement, its breach, termination, or validity, shall initially be mutually settled between the parties, within a period of 30 days after providing notice. Seen in 2 SEC Filings
- Amicable Settlement means the parties will use their best efforts to amicably settle all disputes arising from or related to the contract or its interpretation. Seen in 1 SEC Filing
- Amicable Settlement means it carries the definition attributed to it in [clause] 55.1 (Amicable Settlement). Seen in 1 SEC Filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of amicable settlement' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Amicable Settlement means resolving all disputes relating to this agreement through negotiation between parties within a stipulated time.
Relevant Contract Type
Relevant Circumstances
- Disputes over service or product quality
- Dissolution of a partnership
- Breach of confidentiality or sensitive data leakage
Relevant Sectors
Genie Definition 2
Amicable Settlement means settling any differences linked to contract terms, its breach, through peer-to-peer conciliation following an approved procedure.
Relevant Contract Type
Relevant Circumstances
- Discrepancies in employee benefits or remuneration
- Termination of rental lease
- Disputes in contractor obligations
Relevant Sectors
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Amicable Settlement means resolving all disputes relating to this agreement through negotiation between parties within a stipulated time.
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