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It defines core concepts such as “Affiliate,” “Control,” “Dispute,” “Effective Date,” and “Settlement Amount,” and clarifies how subsidiaries and parent entities are treated. The agreement also specifies dispute termination mechanics, including ending pending court proceedings, waiving rights where legally possible, and addressing cost allocation and release of claims upon proper performance.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/settlement-agreement-definitions-key-legal-terms/177107/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/settlement-agreement-definitions-key-legal-terms/177107.png","ImageObject",442,249,{"name":88,"@type":89},"Riley West","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-23","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":8},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What does “Effective Date” mean in the agreement?","Question",{"text":108,"@type":109},"It is the date stated at the top of the document. 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or\n(ii)\tany Subsidiary of the party or its Parent Company,\nin each case from time to time.\n“Agreement” means this Settlement Agreement.\n“Control” (including the correlative terms “controlling”, “controlled by” and “under common control with”) means that (i) a person or company has the power to appoint the majority of the members of the board of directors of another company, or (ii) a person or company holds or controls the majority of the voting stock of the controlled entity, or (iii) a person or company has the power to secure, directly or indirectly, by means of the holding of shares in or the possession of voting power pertaining to the controlled entity, that the affairs of the controlled entity are conducted in accordance with the wishes of the controlling person or company, or (iv) a person or person has, by virtue of any other arrangements, the power to conduct the affairs of the controlled company in accordance with their wishes.\n“Dispute” has the meaning given to it in Article 2.\n“Effective Date” means the date mentioned above; if no date is mentioned above, the Effective Date shall be the date of execution (“ondertekening”) of the present Agreement.\n“Party” or “Parties” refers to a party or the parties to this Agreement.\n“***” refers to the “*** Agreement” entered into between the Parties on _________________, regarding _________________________.\n“Settlement Amount” has the meaning given to it in Article 3.\n“Subsidiary” means a company in which another company beneficially holds shares carrying the majority of votes at a general meeting of the first mentioned company.\nArticle \u0013 AUTONUMLGL  \\* Arabic \u0015– TERMINATION OF DISPUTE\nThe “Dispute” means any conflict, litigation, difference of opinion, or legal proceedings existing at present, or existing in the future on the basis of elements or facts which occurred prior to the Effective Date, between the Parties, their Affiliates, parties controlled by them, parties controlling them, or any of their Subsidiaries, in connection with the ***, its conclusion (formation), execution (performance), interpretation, validity, application or termination.\nThe Parties hereby irrevocably agree that, subject to the terms and conditions of this Agreement, the Dispute is terminated.  The Parties shall do what is necessary to end all pending court proceedings in any country, if any, in a proper wa","cbCaieYc2yJ5zAOK","https://ap.wps.com/l/cbCaieYc2yJ5zAOK","docx",52752,"English","# Definitions\n## Termination of Dispute\n## Settlement Amount\n## Release and Discharge","[{\"question\":\"What does “Effective Date” mean in the agreement?\",\"answer\":\"It is the date stated at the top of the document. If no date is provided, it is the execution date of the Agreement (ondertekening).\"},{\"question\":\"How is “Dispute” defined and what happens to it?\",\"answer\":\"“Dispute” covers existing or future conflicts, litigation, differences of opinion, or legal proceedings based on facts occurring before the Effective Date. The parties agree it is terminated and that pending court proceedings should be brought to an end in the proper manner.\"},{\"question\":\"What is included in the “Settlement Amount” and when is it payable?\",\"answer\":\"The document states that the Settlement Amount consists of the amounts listed in the “Settlement Amount” section, and it specifies payment to Party 2 in full and final settlement of the Dispute.\"}]","Settlement Agreement - Definitions - Key Legal Terms | DOCX",1788326582]