Short Settlement Agreement Template for New Zealand

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Key Requirements PROMPT example:

Short Settlement Agreement

"I need a Short Settlement Agreement for resolving an employment dispute with a former senior manager, including a confidentiality clause and payment terms for a settlement sum of NZD 75,000 to be paid by March 15, 2025."

Document background
The Short Settlement Agreement is a fundamental legal instrument used in New Zealand to document the resolution of disputes between parties. This document type is particularly useful when parties wish to reach a quick and efficient settlement without the complexity and length of a full settlement agreement. It is commonly used for straightforward disputes where the terms of settlement are clear and uncomplicated. The agreement must comply with New Zealand contract law principles and relevant legislation, including the Contract and Commercial Law Act 2017. It's designed to be comprehensive enough to cover essential settlement terms while remaining accessible and easy to understand for all parties involved. The document typically sees use in various contexts, from commercial disputes to personal grievances, and can be adapted to different situations while maintaining its core purpose of documenting agreed terms of settlement.
Suggested Sections

1. Parties: Identifies and defines all parties to the settlement agreement, including their legal names, addresses, and any relevant registration numbers

2. Background: Briefly outlines the dispute or circumstances leading to the settlement, including reference to any prior agreements or proceedings

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and avoid ambiguity

4. Settlement Terms: Clearly states the core settlement terms, including any payments, actions, or obligations agreed upon by the parties

5. Release: Details the scope of claims being released and settled between the parties

6. Confidentiality: Sets out basic confidentiality obligations regarding the terms of settlement and any related information

7. Entire Agreement: Confirms that this document represents the complete agreement between the parties regarding the settled matters

8. Execution: Signature blocks and execution details for all parties

Optional Sections

1. Non-Disparagement: Include when parties wish to prevent negative statements about each other following settlement

2. Tax Treatment: Include when settlement involves significant monetary payment and tax implications need to be addressed

3. Future Cooperation: Include when parties need to work together or take specific actions after settlement

4. Dispute Resolution: Include when parties want to specify a process for resolving any disputes about the settlement agreement itself

5. Admission of Liability: Include when parties need to explicitly state whether the settlement constitutes an admission of liability

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

7. Governing Law and Jurisdiction: Include when there's any international element or specific jurisdiction needs to be established

Suggested Schedules

1. Schedule 1 - Settlement Payment Details: Details of any settlement payments, including amounts, payment dates, and payment methods

2. Schedule 2 - Released Claims: Detailed list of specific claims being released through the settlement

3. Schedule 3 - Settlement Actions: Specific actions to be taken by parties as part of the settlement, with timeframes and requirements

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

Relevant Industries

Legal Services

Financial Services

Professional Services

Real Estate

Construction

Manufacturing

Retail

Healthcare

Education

Technology

Insurance

Transportation

Hospitality

Agriculture

Public Sector

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Operations

Executive Leadership

Finance

Commercial

Corporate Affairs

Administration

Dispute Resolution

Relevant Roles

Legal Counsel

Company Secretary

Risk Manager

Compliance Officer

Human Resources Manager

Operations Manager

Chief Executive Officer

Chief Financial Officer

Commercial Manager

Dispute Resolution Specialist

Contract Administrator

Business Development Manager

Claims Manager

Department Head

General Manager

Industries
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

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