Settlement Agreement and Release Free

Under   5   minutes
Last updated   2020-04-27 16:23:52
Formats Word and PDF

Settlement Agreement is a document between two parties to litigation, the complainant and the defendant. The complainant is the party that brings the case against the defendant. The defendant is the person or business who is defending themselves in court.

Settlement Agreement and Release preview

Document overview Document Overview

Settlement Agreement is a document between two parties to litigation, the complainant and the defendant. The complainant is the party that brings the case against the defendant. The defendant is the person or business who is defending themselves in court.

A document between two parties to litigation, the complainant and the defendant, is called a Settlement Agreement. The complainant is the party that causes the case against the defendant. The defendant is the party who is defending themselves in court.

Settlement Agreements come about because, at some point in the litigation, the defendant may make a financial offer to the complainant to end the lawsuit. If the complainant thinks the amount is satisfactory, then the complainant will accept it. This amount is called the settlement amount. 

Tip: How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.

How to use this document How to use this document

When both parties agree on the terms of the settlement, then this document can be filled out. If negotiations are still ongoing, this document cannot be used.

The document itself is pretty straightforward and easy to fill. It consists of the parties' information and the information about the litigation (such as the case name, the name of the court, and the date the litigation was filed). 

Both parties should sign a completed document. We recommend keeping copies in case any further disputes arise. It may also need to be filed in the court where the litigation was taking place.

Applicable law Applicable law

Individual and federal laws cover Settlement agreements, depending on what type of litigation the original case was.
 

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