Amicable Settlement Agreement Sample

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. 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. 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. 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 »). FULL INTEGRATION. This Transaction Agreement supersedes all prior agreements, understandings or negotiations, whether written or oral. PandaTip: If no claim has been filed, you can remove anything related to « including… » PandaTip: You also want to identify the incident that caused the damage, as shown in the example, as an « incident » to facilitate reference throughout the document. NO CHANGE, UNLESS IT IS WRITTEN. No modification of this Agreement shall be valid unless agreed in writing and by both parties. PandaTip: Here you would insert all the details, all the charges filed, etc. For example, « the defendant allegedly ran a red light without stopping, which caused an estimated $2,000 in damage to the plaintiff`s vehicle (the incident), and the plaintiff filed an action in the San Diego Small Claims Court to repair those damages. » PandaTip: the claim that « time is of the essence » ensures that deadlines are considered essential contractual conditions and that the absence of such deadlines is considered a material breach of the agreement.

TIME IS OF THE ESSENCE. The parties agree and acknowledge that the settlement period is crucial. OTHER INSURANCES. The Contracting Parties shall give any additional assurances necessary for the implementation and implementation of the intent of this Agreement. The claimant irrevocably releases the defendant from all future claims arising from the incident. . . .