Terms of settlement clause (construction settlement agreement)

Copyright © 2025 LexisNexis
Published by a LexisNexis Construction expert
Precedents

Terms of settlement clause (construction settlement agreement)

Copyright © 2025 LexisNexis

Published by a LexisNexis Construction expert

Precedents
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    1. 1

      Terms of Settlement

      The parties agree as follows:

      1. 1.1

        This Settlement Agreement is in full and final settlement of the Dispute[ and any causes of action whatsoever which the parties have against each other arising out of or in relation to the Contract]. Each party [and their associated companies, officers, Directors, agents or affiliates] release[s] and forever hold[s] harmless the other party from all causes of action, claims, proceedings, set offs, demands, Costs and expenses whatsoever in relation to or arising out of the

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Jurisdiction(s):
United Kingdom
Key definition:
Settlement definition
What does Settlement mean?

The payment or collection of proceeds after trading a security. Settlement usually takes place some time after the deal and price are agreed.

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