Checklists 3
Settlement agreement for construction dispute (short form)
Published by a LexisNexis Construction expert
PrecedentsSettlement agreement for construction dispute (short form)
Published by a LexisNexis Construction expert
PrecedentsThis settlement agreement is made on [insert date] (the ‘Settlement Date’) between the following parties (each a ‘party’ and together the ‘parties’):
Parties
1
[insert name of party A] a company incorporated in [England and Wales] whose company number is [insert company number] and whose registered office is at [insert registered office] ('[Name of party A]'); and
2
[insert name of party B] a company incorporated in [England and Wales] whose company number is [insert company number] and whose registered office is at [insert registered office] ('[Name of party B]').
Background
(A)
The parties entered into a construction contract dated [insert date] for the [insert description of works/project eg ‘design and construction of a property known as Bloggs House'] (the ‘Contract’).
(B)
The parties are engaged in a dispute[ regarding [insert details of the dispute, including material facts, potential
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Practice notes 2
Q&As 3