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Amended Settlement Agreement

Amended Settlement Agreement Template for Ireland

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Key Requirements PROMPT example:

Amended Settlement Agreement

"I need an Amended Settlement Agreement under Irish law to modify payment terms and extend the completion deadline to March 2025 for a construction dispute settlement between a contractor and property developer, including updated confidentiality provisions."

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Document background
An Amended Settlement Agreement is utilized when parties need to modify terms of an existing settlement while maintaining certain aspects of the original agreement. This document type is particularly relevant in the Irish legal context where circumstances have changed since the original settlement, requiring adjustments to payment terms, timelines, or obligations. The agreement must comply with Irish contract law principles and relevant statutory requirements, including the Civil Law (Miscellaneous Provisions) Act 2011 and the Mediation Act 2017. It typically includes detailed provisions about the amendments, confirmations of unchanged terms, updated releases, and any new obligations, while ensuring enforceability under Irish law. The document is crucial for maintaining legal certainty while implementing necessary changes to settlement terms.
Suggested Sections

1. Parties: Identification of all parties to the amended settlement agreement, including their full legal names and addresses

2. Background: Recitals explaining the original settlement agreement, reasons for amendment, and current circumstances

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation

4. Amendment Provisions: Specific amendments to the original settlement agreement, clearly identifying which provisions are being modified, added, or removed

5. Confirmation of Original Terms: Confirmation that non-amended terms from the original agreement remain in full force and effect

6. Settlement Terms: Updated settlement terms, including payment provisions, timing, and any conditions precedent

7. Release and Waiver: Updated mutual releases and waivers reflecting the amended terms

8. Confidentiality: Obligations regarding confidentiality of both the original and amended settlement terms

9. Tax and Costs: Allocation of tax liabilities and legal costs related to the amendment

10. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction for disputes

11. Entire Agreement: Integration clause confirming this amendment and the original agreement constitute the entire agreement

12. Execution: Signature provisions and execution requirements

Optional Sections

1. Regulatory Compliance: Required when the settlement involves regulated sectors or requires regulatory approval

2. Employment Provisions: Included when the settlement relates to employment matters, addressing specific employment law requirements

3. Non-Compete and Restrictions: Used when the settlement includes restrictive covenants or non-compete obligations

4. Third Party Rights: Required when the settlement affects rights of parties not directly involved in the agreement

5. Insurance and Indemnification: Included when specific insurance requirements or indemnification provisions are necessary

6. Dispute Resolution: Optional detailed alternative dispute resolution procedures

7. Data Protection: Required when the settlement involves processing of personal data under GDPR

8. Press Releases and Announcements: Included when public statements about the settlement need to be regulated

Suggested Schedules

1. Schedule 1 - Original Settlement Agreement: Copy of the original settlement agreement being amended

2. Schedule 2 - Amended Payment Terms: Detailed breakdown of any modified payment arrangements

3. Schedule 3 - Form of Release: Updated release documentation if required

4. Schedule 4 - Compliance Requirements: Any specific compliance or regulatory requirements

5. Schedule 5 - Timeline of Actions: Schedule of actions and deadlines under the amended agreement

6. Appendix A - Required Notices: Forms of notices required under the amended agreement

7. Appendix B - Execution Formalities: Any specific execution requirements or forms

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Financial Services

Insurance

Manufacturing

Construction

Healthcare

Technology

Retail

Professional Services

Real Estate

Education

Transportation

Energy

Telecommunications

Public Sector

Pharmaceutical

Relevant Teams

Legal

Compliance

Risk Management

Human Resources

Finance

Operations

Executive Leadership

Corporate Secretariat

Insurance

Dispute Resolution

Relevant Roles

Legal Counsel

General Counsel

Settlement Officer

Claims Manager

Compliance Officer

Risk Manager

Corporate Secretary

Chief Legal Officer

Litigation Manager

Legal Director

Human Resources Director

Chief Financial Officer

Commercial Director

Operations Director

Chief Executive Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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