Settlement Agreement

A settlement agreement is a legal document that outlines the terms and conditions of a resolution reached between parties in a lawsuit. The agreement typically includes provisions such as the payment of money, release of claims, and confidentiality requirements. Once signed by all parties, the settlement agreement becomes a binding contract. It is often used to resolve a case before trial, saving time and resources for both parties. The settlement agreement is typically filed with the court, and the case is dismissed once the terms of the agreement are satisfied.