Settlement agreement—arbitration
Produced in partnership with Latham & Watkins
Settlement agreement—arbitration

The following Arbitration precedent produced in partnership with Latham & Watkins provides comprehensive and up to date legal information covering:

  • Settlement agreement—arbitration

This settlement Agreement is made on [date]

Parties

  1. 1

    [Name of entity], a [type of entity] with [type of liability] incorporated under the laws of [jurisdiction] with its registered address at [address] and with company number [company number] (Party 1); and

  1. 2

    [Name of entity], a [type of entity] with [type of liability] incorporated under the laws of [jurisdiction] with its registered address at [address] and with company number [company number] (Party 2),

    each a ‘Party’ and together the ‘Parties’.

Recitals:

    1. (A)

      A dispute has arisen between the parties [add relevant detail to give context to the dispute] (the Dispute).

    1. (B)

      On [date], Party 1 commenced arbitration proceedings against Party 2 (the Arbitration). On [date], the tribunal (comprising [arbitrators]) was appointed (the Tribunal).

    1. (C)

      [Provide further background information available to give context to this Agreement, including a brief description of the Arbitration, the arbitration agreement, the rules/procedures governing the Arbitration, whether the Arbitration is being administered by an arbitral institution and the case number (if available).]

    1. (D)

      By this Agreement, the Parties have agreed that they wish to fully and finally to settle the Arbitration and any and all other disputes or differences arising out of or relating to the Dispute. Further, the Parties wish to record those terms of settlement, on a binding basis, in this Agreement.

It is hereby agreed as follows:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement:

        1. 1.1.1

          clause,

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