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The document sets terms for no admission of liability, establishes a specific settlement amount inclusive of equitable adjustments, interest, and unpaid invoice portions, and describes invoicing and prompt payment processing. 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It may be introduced only to enforce the settlement terms.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What is included in the settlement amount and when is payment made?",{"text":114,"@type":110},"The settlement amount includes all monetary remedies related to the controversies, such as equitable adjustments, interest, and unpaid portions of prior invoices. Payment is processed after the Contracting Officer incorporates the agreement into a contract modification and the Contractor submits a proper invoice.",{"name":116,"@type":107,"acceptedAnswer":117},"What happens to the ODRA case after payment?",{"text":118,"@type":110},"Within one business day, the parties file a request to suspend any pending ODRA adjudication schedule. After receipt of the payment referenced in Paragraph 3, the Contractor files a motion to dismiss the ODRA docket with prejudice due to the parties’ settlement.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},177109,1788326585,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":126,"read_time":9},1099523882367,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","SETTLEMENT AGREEMENT\nThe Contract Dispute of ___________________.\nUnder Contract No. ______________\nODRA Docket No. ___-ODRA-___\nThis SETTLEMENT AGREEMENT is entered into this _______, 201_ by and between ____________. (hereinafter the \"Contractor\") and the Transportation Security Administration (hereinafter the \"FAA\" or the \"Agency\"), for themselves, their officers, directors, executives, managers, employees, agents, attorneys, divisions, related and subsidiary entities, affiliates, successors and assigns (all of whom are collectively referred to as the \"parties\").\nWHEREAS, the Agency awarded contract _________ (the “Contract”) to the Contractor; and\nWHEREAS, certain controversies have arisen with respect to the performance and payment under the Contract (hereinafter the \"Controversies\"); and\nWHEREAS, the Contractor filed a Contract Dispute (“Contract Dispute”) with the FAA Office of Dispute Resolution for Acquisition (\"ODRA\") on ______, 20__, regarding such Controversies, which has been docketed as ODRA Docket No. ___-ODRA-____; and\nWHEREAS, under an alternative dispute resolution agreement dated _____, 20__ (the \"ADR Agreement\"), the parties conducted a mediation on ________, for the purpose of compromise discussions pertaining to the Contract Dispute; and,\nWHEREAS, the parties reached an accord through ADR regarding the Controversies and the Contract Dispute, and now wish to commit the terms of their accord into this Settlement Agreement; and\nWHEREAS, each party has been represented by counsel, has been apprised of its rights regarding the settlement, and enters into the settlement freely and voluntarily.\nNOW THEREFORE, in consideration of the premises and mutual promises contained herein, the parties agree as follows:\n1. NO ADMISSION OF LIABILITY. Neither this Settlement Agreement nor anything contained within it shall be admissible in any proceeding as evidence of liability or wrongdoing on the part of either party. However, this Settlement Agreement may be introduced in any proceeding instituted to enforce its terms.\n2. PROMISE TO PAY. In full settlement of the Controversies, the FAA shall pay to the Contractor the amount of _________________ dollars (the “Settlement Amount”).  Such Settlement Amount includes all monetary remedies of any kind relating to the Controversies, including but not limited to, equitable adjustments, interest, unpaid portions of amounts in prior invoices under the Contract, and other remedies requested in the Contract Dispute.\n3.  INVOICING and PAYMENT.  In order to process payment of the Settlement Amount in a routine manner, the Contracting Officer will incorporate promptly the terms of this Settlement Agreement into a modification to the Contract.  The contractor will then submit a proper invoice for payment of the Settlement Amount.  Payment will be made pursuant to applicable regulations and the interest provisions of the Prompt Payment Act, 31 U.S.C. §§ 3901-3907.\n4. SUSPENSION AND DISMISSAL. The Parties agree that within one business day they will jointly file with the ODRA a request to suspend any pending adjudication schedule.  Upon receipt of the payment referenced in Paragraph 3 hereof, Contractor shall immediately file a motion with the ODRA seeking dismissal of ODRA Docket No. __-ODRA-___ with prejudice, by reason of the parties' settlement.\n5. MUTUAL RELEASE OF ALL CLAIMS. In consideration for their faithful performance of the terms of this Settlement Agreement, the parties, for themselves, their successors, assigns, and (in the case of the Contractor) subcontractors (at any tier), do hereby relinquish, waive, release, acquit and forever discharge each other of and from any and all claims, disputes, actions, charges, contractual obligations, complaints, causes of action, rights, demands, debts, damages, or accountings of whatever nature, at law or in equity, known or unknown, asserted or not asserted, which they have now or may have in the future against one another, based on any a","cbCaitOsUNKjB8CX","https://ap.wps.com/l/cbCaitOsUNKjB8CX","doc",24064,"English","# Settlement Agreement\n## No Admission of Liability\n## Promise to Pay\n## Invoicing and Payment\n## Suspension and Dismissal\n## Mutual Release of All Claims\n## Binding Effect and Non-Assignment\n## Additional Documents, Integration, Severability\n## Negotiated Transaction and Counterparts","[{\"question\":\"Does the settlement agreement admit liability by either party?\",\"answer\":\"No. The agreement states it is not admissible as evidence of liability or wrongdoing. It may be introduced only to enforce the settlement terms.\"},{\"question\":\"What is included in the settlement amount and when is payment made?\",\"answer\":\"The settlement amount includes all monetary remedies related to the controversies, such as equitable adjustments, interest, and unpaid portions of prior invoices. Payment is processed after the Contracting Officer incorporates the agreement into a contract modification and the Contractor submits a proper invoice.\"},{\"question\":\"What happens to the ODRA case after payment?\",\"answer\":\"Within one business day, the parties file a request to suspend any pending ODRA adjudication schedule. After receipt of the payment referenced in Paragraph 3, the Contractor files a motion to dismiss the ODRA docket with prejudice due to the parties’ settlement.\"}]","Settlement Agreement - Contract Dispute Settlement Terms | DOC"]