Contract Dispute Settlement Agreement Template for New Zealand

1. Non-Admission of Liability: Statement that the settlement does not constitute admission of liability by any party

2. Tax Implications: Include when settlement payments have specific tax consequences that need to be addressed

3. Third Party Rights: Required when the settlement affects rights of parties not directly involved in the agreement

4. Dispute Resolution: Mechanism for resolving any disputes about the interpretation or implementation of the settlement agreement

5. Public Announcements: Include when parties need to agree on how to communicate the settlement publicly

6. Insurance Claims: Required when insurance companies are involved in the settlement

7. Continuing Obligations: Used when certain obligations from the original contract survive the settlement

1. Schedule 1: Original Contract: Copy or details of the original contract that led to the dispute

2. Schedule 2: Payment Schedule: Detailed breakdown of any settlement payments, including amounts and timing

3. Schedule 3: Release Documentation: Forms and notices required to formally implement the release of claims

4. Schedule 4: Implementation Timeline: Detailed timeline for completing all settlement obligations

5. Appendix A: Disputed Claims Summary: Summary of the claims being settled under the agreement

6. Appendix B: Supporting Documents: Key documents referenced in the settlement terms

7. Appendix C: Required Notices: Templates for any notices required under the settlement agreement