Final Settling Clause Samples

The Final Settling clause establishes the process and terms by which all outstanding payments, obligations, or disputes between parties are conclusively resolved at the end of a contract or transaction. Typically, this clause outlines the timeframe for final payments, the documentation required to confirm settlement, and the procedures for addressing any remaining issues or claims. Its core practical function is to ensure that both parties have a clear, agreed-upon method for closing out their relationship, thereby preventing future disputes and providing certainty regarding the completion of all contractual duties.
Final Settling. At the end of the employer-employee relationship, the Company and the Employee shall conduct a final settling of the Employee’s accounts to be held according to the Company’s records. Such settling of accounts shall be final and no party shall have any further claim or demand from the other party. It is agreed that, subject to the applicable laws, the Company shall be entitled to deduct any amount the Employee shall owe the Company at such time from the amounts she shall be entitled to.
View SourceView Similar (8)

Related to Final Settling

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.