Settlement Agreement
/ˈsɛtlmənt əˈgriːmənt/
Definitions
- (n.) A legally binding contract resolving disputes between parties by agreement without admission of guilt or liability.
The parties signed a settlement agreement to avoid costly litigation.
- (n.) An agreement that outlines terms for payment or other actions to conclude a claim or lawsuit.
The settlement agreement included a payment schedule and confidentiality clause.
Forms
- settlement agreements
Related terms
See also
Commentary
The term typically denotes a contract resolving disputes, often used to avoid trial; ensure the agreement clearly details the rights waived and obligations assumed to prevent future litigation.
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.