Effecting a Settlement Sample Clauses
The 'Effecting a Settlement' clause outlines the procedures and requirements for finalizing and implementing a settlement agreement between parties. It typically specifies the steps each party must take to formalize the settlement, such as signing documents, making payments, or fulfilling other agreed-upon obligations. This clause ensures that both parties clearly understand how and when the settlement becomes binding and enforceable, thereby reducing the risk of future disputes over the settlement's validity or execution.
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Effecting a Settlement. It is agreed that where a settlement is reached in the dispute, the parties will carry out the terms of the settlement as soon as possible.
Effecting a Settlement. Where a settlement is reached in the dispute, the parties and their counsel will formalize the terms of the settlement agreement as soon as possible, either in a written agreement or in a court order.
Effecting a Settlement. It is agreed that where a settlement is reached in the dispute, the parties and their counsel will carry out the terms of the settlement as soon as possible and will sign appropriate Minutes of Settlement. The agreement reached at the mediation is binding on the parties.