Settlement agreements are entered into by two parties who are facing some conflict and want to settle the matter without going to court. Lawsuits are a time-consuming and expensive affair and there is always a risk that one party will be losing more if the case goes to trial. Hence, a lawyer in many cases advises the client to go for this agreement which not only saves the client’s time but also the court’s time.
A lot of thinking goes into before all the factors of the case are considered and this agreement is created. Note down a few points that are crucial to the case and the negotiations before putting them on paper in front of the other party. Be prepared to let go of a few things as you cannot have everything you want, however, be firm about the important matters. Mention the names and contact details of the parties involved and describe the issues to be settled and your terms in the agreement.
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Sample Settlement Agreement
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