Disposition Agreement
/ˌdɪspəˈzɪʃən əˈɡriːmənt/
Definitions
- (n.) A contract by which parties agree to settle or dispose of a legal matter, asset, or interest.
The parties entered into a disposition agreement to transfer ownership of the property.
- (n.) An agreement resolving a claim or controversy by mutual concession without trial.
The disposition agreement ended the litigation efficiently and privately.
Forms
- disposition agreement
- disposition agreements
Related terms
See also
Commentary
Often used interchangeably with settlement agreement; clarity in drafting is important to specify subject matter and obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.