General Settlement Agreement
  • Parties Details
    • Who is Party A?
    • Who is Party B?
    • Details of Dispute
  • Settlement Details
    • Settlement Amount
    • Miscellaneous
  • Complete the Document
    • Template's Format

Who is Party A?

  • The first party to this Agreement (Party A) is:

  • Indicate full name of the Party A:

  • Indicate the company's full business name (Party A):

  • The Party A has:

    !

    An ACN is a unique 9-digit number issued by the Australian Securities and Investments Commission to identify a registered company in Australia.

    An ABN is a unique 11-digit number issued by the Australian Business Register to identify a business operating in Australia.

  • Provide the Party A's ACN number:

  • Provide the Party A's ABN number:

  • Indicate full corresponding or business address of the Party A:

Who is Party B?

  • The second party to this Agreement (Party B):

  • Indicate full name of the Party B:

  • Indicate full name of the company (Party B):

  • The Party B has:

    !

    An ACN is a unique 9-digit number issued by the Australian Securities and Investments Commission to identify a registered company in Australia.

    An ABN is a unique 11-digit number issued by the Australian Business Register to identify a business operating in Australia.

  • Provide the Party B's ACN number:

  • Provide the Party B's ABN number:

  • Indicate full corresponding or business address of the Party B:

Details of Dispute

  • Provide a detailed summary of the dispute:

  • Is there ongoing legal proceeding between the parties:

  • Provide a detailed description of the ongoing legal proceedings, including the commencement date, the name of the court, and the case number:

Settlement Amount

  • Does the settlement involve the payment of monetary compensation?

  • Select the party that shall pay a settlement amount:

  • Select the party that shall receive a settlement amount:

  • Specify the total settlement amount that is required to be paid, in Australian dollars:

  • The settlement amount should be paid:

  • Describe in detail the schedule according to which the settlement amount shall be paid:

  • Specify the number of days after signing this Agreement by which the settlement amount should be paid:

  • Specify the final date by which the full settlement amount must be paid:

Miscellaneous

  • The settlement amount should be paid to:

  • Indicate the full name and the contact details of the party's attorney:

  • Do the parties wish to include any additional terms to this Agreement?

  • Describe in detail any additional settlement terms agreed upon by the parties:

  • Select the date on which both parties sign this Agreement:

  • Select the state or territory the laws of which shall apply to this Agreement:

    !

    The parties are free to select any state or territory they prefer to. However, the most common options would be the following:

    – a state or territory where a court dealing with a dispute/lawsuit is located;
    – a state or territory where either party resides or is located;
    – a state or territory, the laws of which apply to the provision of the original contract from which a dispute arose.

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