Deed of Future Settlement - Promise keeps us out of cou(QLD)
This Deed is used for a promise to transfer money at a future date in the State of Queensland. This is an interesting example. The parties had a ruling by the Court and an Order but subsequent matters have exposed an obligation to pay that was not properly dealt with in the Order. Because the matter is separate from the matters dealt with by the Order, the parties have agreed on an amount of obligation and to a settlement at some date in the future, thereby making it unnecessary to seek revision of the Order. It is "executed" by both parties before a witness.