About this document:
Use this template to create a Memorandum of Understanding between any two parties agreed to settle a pending dispute outside the court; where the matter generally relates to a money recovery or related dispute;
The format is fit to be filed before the Court as written agreement reached between the parties; this document as drawn is neutral between the parties;
There are no specific legal provisions that govern a legal document of this nature; you still have the liberty to make alterations and additions that exactly suit your situation or the case.
Who will use this document?
Any business or individual finalizing full and final payment settlement of a decreed money suit at the execution stage;
Key features:
· very flexible to suit the requirements of either or both parties;
· provides a complete framework;
· protects both sides;
· very flexible to suit the requirements of either or both parties;
This document includes provisions for:
· appropriate legal provisions - warranties, exclusions, indemnities, etc.
· terms of settlement;
· time schedule;
· successors and assigns;
· jurisdiction;
· practical terms that protect parties from future disputes on the claim;
