Release And Settlement Of Claim Template for Nigeria

1. Non-Disparagement: Mutual agreements not to make negative statements about each other, useful in high-profile or contentious cases

2. Future Cooperation: Terms regarding any ongoing obligations or cooperation required between parties

3. Tax Implications: Statements about tax responsibility and treatment of settlement amounts, relevant for large settlements

4. Return of Property: Requirements for returning any relevant documents or property, important in employment or commercial disputes

5. Insurance Claims: Provisions regarding any insurance claims or coverage, relevant when insurers are involved

6. Binding on Successors: Extension of agreement terms to successors and assigns, important for corporate parties

7. Severability: Provision for maintaining validity if parts are found unenforceable, useful in complex settlements

1. Schedule A - Settlement Payment Details: Detailed breakdown of settlement amounts and payment schedule

2. Schedule B - Released Claims: Comprehensive list of specific claims being released

3. Schedule C - Related Proceedings: List of any related court proceedings or claims to be withdrawn

4. Schedule D - Required Documents: List of documents to be exchanged or executed as part of settlement

5. Appendix 1 - Form of Release: Standard form of release to be signed by relevant parties

6. Appendix 2 - Withdrawal Notices: Templates for withdrawing any pending legal proceedings