Amicable Settlement Agreement Template

AMOUNT OF THE STATEMENT. In consideration for such settlement and release, the defendant agrees to pay the claimant the amount of [SETTLEMENT AMOUNT] Dollars ($[NUMBER]) as full payment, subject to the terms of this Agreement. Payments are made according to the schedule set out in Appendix A (the “Settlement Payments”). PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of this agreement are in contradiction with any other previously signed agreement that wins the terms of this agreement. FULL INTEGRATION. This Transaction Agreement supersedes all prior agreements, understandings or negotiations, whether written or oral. This settlement agreement (the “Agreement”) sets out the terms and conditions governing the contractual agreement between [the claimants] and [defendant] (the respondent) who agree to be bound by that agreement. PandaTip: in other words, if necessary, the Parties will take additional measures to ensure that the debt will be repaid as long as the terms of this Agreement are met. NOW, THEREFORE, taking into account the reciprocal agreements and promises made by the parties below, the Applicant and the Respondent (individually, a “Party” and, together, the “Parties”) agree that the Applicant irrevocably and forever waives all rights that may be conferred on him or her under the law with respect to the pending dispute and the above authorization. TIME IS OF THE ESSENCE. The parties agree and acknowledge that the settlement period is crucial. CONSIDERING that the applicant and the defendant agree to settle the case and avoid further disputes. The parties agree and acknowledge that a general release does not extend to claims that the PARTY IS UNAWARE OF OR SUSPECTS, AT THE TIME OF THE EXECUTION OF THE RELEASE, ARE IN THEIR FAVOR AND THAT, IF KNOWN, COULD HAVE SIGNIFICANTLY INFLUENCED ITS SETTLEMENT DECISION.

PandaTip: If no claim has been filed, you can remove anything related to “including…” » REJECTION OF ONGOING DISPUTES. . . .