Ex gratia payments are commonly included in settlement agreements.
Writtent Blog
MAY 17, 2021
Under the existing Lloyds Claims Scheme, following syndicates are already bound by the decision of the lead Lloyds underwriter for standard claims within a set class of business thresholds, typically below 250,000. If the subscriber is also lending money to the company then you should couple this document with a loan agreement.
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