AI Generated British Settlement Agreement
PDF & Word - 2026 Updated

The parties entered into a service contract in 2022 under which the Designer agreed to provide freelance design services to the Client.

A dispute has arisen between the Designer and the Client in relation to the service contract regarding claims of non-payment of invoices and allegations of unsatisfactory work.

The dispute first arose on 15 May 2023.

Mediation has been attempted in relation to this dispute.

The primary category of the dispute is a contractual dispute.

This Settlement Agreement aims to resolve the dispute between the Designer and the Client on the terms set out below.

Confidential Information means any information disclosed by one party to the other whether orally or in writing that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure including but not limited to business plans financial data and trade secrets.

Settlement Sum means the total amount of \£10,000 payable by the Client to the Designer in full and final settlement of all claims arising from the service contract.

In this Agreement any reference to a statute or statutory provision shall include that statute or statutory provision as amended modified or re-enacted from time to time and any subordinate legislation made under it.

The schedules form part of this Agreement and shall have the same force and effect as if set out in the body of this Agreement.

Headings are for convenience only and shall not affect the interpretation of this Agreement.

This Agreement shall be governed by and construed in accordance with English Law.

Parties means (1) Jane Smith of 45 Design Lane, London, EC1A 1BB (the Freelance Designer) and (2) Acme Client Limited (company number 01234567) of 123 Business Park, London, SW1A 1AA (the Client).

The parties agree to settle the dispute without further litigation on the terms set out in this Agreement.

The parties intend to resolve the dispute amicably to avoid the costs and uncertainties of court proceedings and to maintain a positive relationship moving forward.

The date of this Settlement Agreement is 15 October 2023.

This Agreement shall become effective on 15 October 2023.

This Agreement represents a full and final settlement of all claims related to the dispute.

The Settlement Sum shall be the total monetary amount of \£10,000.

The Settlement Sum shall be paid by bank transfer.

The payment shall be made to the bank account with Account Name Jane Smith Bank Barclays Sort Code 20-12-34 and Account Number 12345678.

The Settlement Sum shall be paid in instalments in accordance with the schedule set out in the Schedules section with the final payment to be completed by 30 June 2024.

Interest shall accrue on any late payments at the rate of 8 per cent per annum above the Bank of England base rate from time to time.

The due date for payment of the Settlement Sum (or relevant instalment) is as set out in the payment schedule.

Each party releases the other from all known claims and unknown claims arising out of or in connection with the dispute.

The release of claims shall become effective on the date of this Agreement.

Each party confirms that it fully understands the implications of the release of claims under this Agreement.

For the avoidance of doubt the release in this clause does not apply to any claims arising from fraud dishonesty or breach of this Settlement Agreement itself.

The parties shall keep the terms of this Agreement and all related information confidential.

Disclosure of the settlement terms is permitted if required by law or court order.

Disclosure of confidential information is permitted to legal and financial advisors.

The remedies for breach of this confidentiality section shall include both injunctive relief and damages.

The confidentiality obligations in this clause shall continue for a period of 2 years after the date of this Agreement.

The non-disparagement obligation shall apply mutually to both parties.

The non-disparagement prohibition shall cover public and private statements.

The non-disparagement obligation shall last in perpetuity.

The non-disparagement obligation shall cover officers and directors employees and agents.

The remedies for breach of the non-disparagement clause shall include injunctive relief and damages.

Each party represents and warrants that it has the full legal authority to enter into this Settlement Agreement.

Each party represents and warrants that entering into this Settlement Agreement will not breach any other existing agreements or obligations.

There are no pending legal claims proceedings or disputes involving either party related to the matters settled in this Agreement.

The parties warrant that this is not an employment-related dispute and therefore the settlement does not require compliance with the Employment Rights Act 1996 the Equality Act 2010 or the ACAS Code of Practice on Settlement Agreements.

Each party represents and warrants that there are no undisclosed liabilities debts or obligations related to the settled matters that could affect the other party.

Entering into this Settlement Agreement does not require any regulatory approvals or notifications under applicable law.

Each party represents and warrants that all information provided for this Settlement Agreement is true accurate and complete to the best of its knowledge.

Each party shall indemnify the other against losses arising from breaches of this Agreement up to a maximum cap of \£50,000.

The Settlement Sum is exclusive of VAT. If VAT is properly chargeable on the Settlement Sum the Designer shall provide a valid VAT invoice and the Client shall pay the VAT in addition to the Settlement Sum.

Each party shall be responsible for its own tax liabilities arising from the Settlement Sum.

Each party shall indemnify the other against any tax-related claims demands or liabilities arising from its failure to account for tax on the Settlement Sum.

This Settlement Agreement is entered into without any admission of liability by either party. Neither the terms of this Agreement nor its negotiation or performance shall be construed as an admission of liability by the Client or the Designer in relation to the dispute or otherwise.

This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of England and Wales.

Nothing in this Agreement is intended to limit or exclude any liability for death or personal injury caused by negligence.

The parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction over any dispute or claim that arises out of or in connection with this Agreement or its subject matter or formation (including non-contractual disputes or claims).

The parties shall first attempt to resolve any dispute arising out of or in connection with this Agreement by negotiation.

If negotiation fails the parties shall attempt to resolve the dispute by mediation before resorting to litigation.

Any dispute resolution proceedings shall be governed by the laws of England and Wales.

This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements negotiations representations or understandings whether oral or in writing relating to the subject matter of this Agreement.