Memorandum Of Settlement Generator for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Memorandum Of Settlement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Memorandum Of Settlement

"I need a Memorandum of Settlement to document a settlement agreement between our manufacturing company and a supplier regarding defective materials, with payment to be made in three installments starting March 2025, and including ongoing quality control obligations."

Document background
A Memorandum of Settlement is commonly used when parties wish to formally document the resolution of a dispute without proceeding to court judgment. This document, governed by English and Welsh law, sets out the precise terms of settlement, including any financial arrangements, mutual releases, and ongoing obligations. It provides certainty and clarity for all parties involved and can help prevent future disputes about the terms agreed. The memorandum typically follows negotiations or mediation and serves as the definitive record of the settlement terms.
Suggested Sections

1. Parties: Identification and details of all parties to the settlement

2. Background: Context of the dispute and reasons for settlement

3. Definitions: Key terms used throughout the document

4. Settlement Terms: Core agreement including payment terms and obligations

5. Release Provisions: Mutual releases and waivers of claims

6. Confidentiality: Terms regarding confidentiality of the settlement

7. Execution: Signature blocks and execution provisions

Optional Sections

1. Tax Implications: Section detailing tax treatment of settlement payments and responsibilities of parties regarding tax obligations

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other

3. Future Cooperation: Terms governing ongoing relationship between parties after settlement

4. Insurance Provisions: Terms relating to insurance coverage and claims

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment amounts, timing, and methods

2. Released Claims: Comprehensive list of claims being settled and released

3. Ongoing Obligations: Schedule of continuing obligations and responsibilities post-settlement

4. Related Agreements: List and details of other agreements referenced or affected by the settlement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Contract Law Act: Fundamental principles governing contract formation, execution, and enforcement in England and Wales

Unfair Contract Terms Act 1977: Regulates contracts by restricting how far civil liability for breach of contract, negligence or other breach of duty can be avoided

Civil Procedure Rules (CPR) Part 36: Specific rules governing settlement offers and agreements in civil proceedings

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract and modifies the doctrine of privity of contract

Limitation Act 1980: Sets time limits for bringing legal claims and affects settlement timeframes

Employment Rights Act 1996: Key legislation governing employment rights and relevant for employment-related settlements

Equality Act 2010: Protects against discrimination and must be considered in settlement terms, particularly in employment contexts

ACAS Code of Practice: Provides guidance on settlement agreements in employment contexts and disciplinary procedures

Consumer Rights Act 2015: Protects consumer interests and applies when one party is acting as a consumer

Taxes Management Act 1970: Governs tax implications of settlements and payment arrangements

Data Protection Act 2018/UK GDPR: Regulates the handling of personal data in settlement agreements and associated documents

Statute of Frauds 1677: Requires certain types of contracts to be in writing and signed to be enforceable

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Rent Memorandum

find out more

Mou For Sale Of Property

find out more

Memorandum Of Settlement

find out more

Memorandum Of Option

find out more

Memorandum Of Mortgage

find out more

Memorandum Of Interest

find out more

Memorandum Of Intent

find out more

Memorandum Of Action

find out more

Memorandum Of Acceptance

find out more

Memorandum Account

find out more

Formal Memorandum

find out more

Precatory Memorandum

A non-binding document under English and Welsh law expressing the author's wishes and moral requests to guide family members or executors.

find out more

Memorandum Of Tenants In Common Agreement

A legal document under English and Welsh law that establishes the rights and responsibilities of property co-owners holding as tenants in common.

find out more

Limited Offering Memorandum

A private placement document under English and Welsh law for offering securities to qualified investors.

find out more

Mou Form

A preliminary document outlining intended cooperation between parties, governed by English and Welsh law.

find out more

Mou Joint Venture

A preliminary agreement under English and Welsh law outlining the framework for a joint venture collaboration between parties.

find out more

Mou For Land Purchase

A preliminary agreement outlining the proposed terms for land purchase in England and Wales.

find out more

Memorandum Of Agreement Between Supplier And Buyer

A contract under English and Welsh law defining the terms between a supplier and buyer for goods or services.

find out more

Professional Memorandum

A formal internal document for professional advice or analysis, governed by English and Welsh law, used to communicate expert recommendations and findings.

find out more

Memorandum Report

A formal analytical document used in England and Wales to present findings and recommendations on specific matters.

find out more

Memorandum Of Lease

A summary document of key lease terms used in England and Wales for Land Registry registration purposes.

find out more

Mou For Investment In Business

A non-binding document under English and Welsh law outlining proposed terms for business investment, serving as a framework for negotiation and future definitive agreements.

find out more

Moa Contract

A legally binding document under English and Welsh law that establishes formal cooperation between parties, outlining mutual responsibilities and objectives.

find out more

Corporate Memorandum

A foundational document required under English and Welsh law for company incorporation, establishing the company's basic structure and existence.

find out more

Personal Memorandum

A formal document under English and Welsh law for recording personal wishes and preferences, providing guidance to family members and care providers.

find out more

Company Memorandum

A fundamental incorporation document required under English and Welsh law that establishes the formation of a company and its initial members.

find out more

Memorandum Of Land Contract

A formal document under English and Welsh law recording the essential terms of a land sale contract between parties.

find out more

Funds Flow Memorandum

A document under English law that details the mechanics and timing of financial transfers in a transaction.

find out more

Mou For Investment

A preliminary agreement under English and Welsh law outlining the proposed terms and framework for an investment transaction.

find out more

Announcement Memorandum

A formal document used under English and Welsh law to communicate material information to markets and stakeholders, following UK regulatory requirements.

find out more

Memorandum Of Receipt

A legal document under English and Welsh law that formally acknowledges receipt of items between parties.

find out more

Memorandum Of Payment

A legal document under English and Welsh law that formally records payment terms and conditions between parties.

find out more

Memorandum Of Agreement Between Two Parties

A legally binding agreement under English and Welsh law documenting mutual understanding and obligations between two parties.

find out more

Loan Memorandum

A formal document under English and Welsh law that outlines the terms and conditions of a loan agreement between parties.

find out more

Confidential Memorandum

A formal document under English and Welsh law for recording and communicating sensitive information with specific security controls and handling requirements.

find out more

Internal Memorandum

A formal internal communication document used within organizations, governed by English and Welsh law, to convey information, policies, or instructions.

find out more

Operating Memorandum

A formal document under English and Welsh law that outlines an organization's operational procedures and management structure.

find out more

Interoffice Memorandum

A formal internal communication document used within organizations, governed by English and Welsh law.

find out more

Decision Memorandum

A formal document under English and Welsh law recording corporate decisions and their rationale, ensuring compliance with legal requirements and good governance practices.

find out more

Memorandum Of Contract

A legal document under English and Welsh law that records the key terms of a property contract or land transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.