The term "settlement clause" is correct and can be used in written English.
You can use it in a contract to refer to a clause that defines the details of a settlement (such as an agreement to resolve a dispute). For example: "The settlement clause in this agreement outlines the parties' commitments to resolve the dispute."
But the controversy in this chapter will be focussed squarely on the inclusion of an investor state dispute settlement clause.
Pharmaceuticals remains one of a number of contentious issues, which also includes the investor-state dispute settlement clause, wider intellectual property disputes, dairy trade, environmental protections and privacy obligations.
But in general, I believe that the investor-state dispute settlement clause should be dropped from these agreements.
Investor-state dispute settlement clauses allow companies to access an international tribunal if they believe actions taken by a host government breach its investment obligations.
In June this year, Labor said if it won the election it would try to remove investor-state dispute settlement clauses from every trade agreement, and every bilateral investment treaty, that Australia has signed.
3. Their investor-state dispute settlement clauses give absolutely unjustified and dangerous powers to investors vis-à-vis the state.
Or consider Phillip Morris's multibillion-dollar lawsuit against the Australian government over cigarette-packaging regulation, which uses an investor-state-dispute-settlement clause established in a 1993 free-trade agreement between Australia and Hong Kong.
Labor in this term almost rebuffed a free-trade deal with China because the industrial wing is hostile to trade liberalisation on the grounds foreign workers will erode Australian labour standards and the progressive wing is in a lather about investor state dispute settlements clauses and sovereignty.
The American-led trade pact, the TPP, contains an investor-state dispute settlement (ISDS) clause, and such clauses are an increasingly controversial feature of international trade agreements.
The EU guidelines will prohibit the issuing of grants, funding, prizes or scholarships unless a settlement exclusion clause is included.
Campaigners fear that a controversial investor-state dispute settlement (ISDS) clause will allow private companies to sue the government bodies if they are prevented from making profits.
