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

  • Settlement agreement—arbitration

Settlement agreement—arbitration

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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

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