Settlement Agreement And Release Of All Claims Template for Nigeria

1. Confidentiality: Terms requiring parties to keep the settlement and its terms confidential - used when privacy is important

2. Non-Disparagement: Prohibits parties from making negative statements about each other - useful in employment or public relations-sensitive cases

3. Ongoing Obligations: Details any continuing obligations between the parties - needed when the settlement includes future commitments

4. Return of Property: Provisions for returning documents or property - relevant in employment or commercial disputes

5. Remedies for Breach: Specific consequences for breaching the settlement terms - used in high-stakes settlements

6. Insurance and Indemnification: Additional protection provisions - relevant when future claims or liabilities are a concern

7. Amendment Process: Procedures for modifying the agreement - useful in complex settlements with potential future adjustments

8. Severability: Preserves remainder of agreement if some provisions are found invalid - important in complex agreements

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 - Required Actions: List of specific actions parties must take to implement the settlement

4. Schedule D - Relevant Documents: List of documents referenced in or relevant to the settlement

5. Appendix 1 - Form of Release: Standard form for additional releases if required from related parties

6. Appendix 2 - Payment Instructions: Detailed banking and payment processing instructions