Resolving disputes outside of court through negotiated settlement terms.
SETTLEMENT AGREEMENT
This Settlement Agreement is made on [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME] to resolve disputes regarding [DISPUTE DESCRIPTION].
1. BACKGROUND
A dispute has arisen between the parties concerning: [DETAILED DISPUTE BACKGROUND]. Parties desire to settle all claims without litigation.
2. SETTLEMENT TERMS
[PARTY 1] agrees to pay [PARTY 2] the sum of $[SETTLEMENT AMOUNT] in [LUMP SUM/INSTALLMENTS] according to the following schedule: [PAYMENT SCHEDULE].
3. RELEASE OF CLAIMS
Upon payment, both parties release each other from all claims, demands, and causes of action arising from or related to [SUBJECT MATTER].
4. NO ADMISSION OF LIABILITY
This settlement does not constitute an admission of wrongdoing, fault, or liability by any party.
5. CONFIDENTIALITY
Terms of this settlement shall remain confidential. Parties agree not to disclose details except as required by law.
6. ENFORCEMENT
If any party breaches this Agreement, the non-breaching party may seek enforcement through legal proceedings.
PARTY 1: _________________ PARTY 2: _________________
[PARTY 1 NAME] [PARTY 2 NAME]
Date: ___________ Date: ___________
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A Settlement Agreement resolves legal disputes outside of court, establishing payment terms and mutual release of claims between parties.