Non Payment Of Settlement Agreement Template for Australia

1. Guarantee: Required when a third party guarantees the payment obligations

2. Interest Provisions: Details interest calculations and charges when applicable to the settlement

3. Confidentiality: Required when parties wish to keep the settlement terms private

4. Mutual Releases: Include when parties agree to release each other from claims upon completion of payment

5. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard court proceedings

6. Default Interest: Specific interest rates and calculations applying to missed payments

7. Assignment: Include when either party may need to transfer their rights or obligations

8. Force Majeure: Include when external circumstances might affect payment capability

1. Schedule 1 - Original Settlement Agreement: Copy or summary of the original settlement agreement terms

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts and due dates

3. Schedule 3 - Outstanding Amount Calculation: Detailed calculation of the outstanding amount including any interest or penalties

4. Schedule 4 - Security Details: Specific details of any security arrangements or assets

5. Appendix A - Copy of Original Judgment: If the settlement relates to a court judgment, attach the judgment details

6. Appendix B - Evidence of Default: Documentation evidencing the payment default under the original settlement