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This Settlement Agreement outlines the terms and conditions for resolving claims associated with the Fund-of-Funds Litigation involving the Commonwealth of Kentucky, KKR Group Co. Inc., PAAMCO Prisma, LLC, Blackstone Inc., and the Kentucky Public Pensions Authority. It includes provisions for the approval process, distribution of funds, releases of claims, and confidentiality terms.
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What is settlement agreement?
A settlement agreement is a legally binding document that resolves disputes between parties, outlining the terms and conditions agreed upon to settle the matter without proceeding to trial.
Who is required to file settlement agreement?
Generally, the parties involved in the dispute or their legal representatives are required to file the settlement agreement with the appropriate court or administrative body.
How to fill out settlement agreement?
To fill out a settlement agreement, you should include the names of the parties, a description of the dispute, terms of the settlement, signatures, and date. Ensure that all agreed-upon terms are clearly articulated.
What is the purpose of settlement agreement?
The purpose of a settlement agreement is to formally document the resolution of a dispute, prevent future litigation, and provide clarity on the obligations of each party.
What information must be reported on settlement agreement?
A settlement agreement should report names of parties, the date of the agreement, the dispute being settled, terms of settlement, signatures of the parties, and any conditions that must be met.
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