Settlement agreement with payment schedule and revival clause

[On an e-stamp certificate of Rs (value) purchased in the name of (party) in the State of (State)]

SETTLEMENT AGREEMENT

THIS SETTLEMENT AGREEMENT is made at [Place of signing the settlement agreement] on this [Day of signing] day of [month, year]

Between

(1) [First Party's name], a company incorporated under the Companies Act [year], CIN [CIN], PAN [First Party's PAN], having its registered office at [First Party's registered office address], represented by [name, designation] duly authorised by a resolution of its Board of Directors dated [date] (hereinafter referred to as the “First Party” or the “Claimant”, which expression shall include its successors and permitted assigns) of the FIRST PART;

And

(2) [Name and full description, PAN, CIN, registered office, representative and authority as above] (hereinafter referred to as the “Second Party”) of the SECOND PART;

And