A settlement agreement is a legally binding contract between employer and worker that settles allegations against their employer that the worker may have. Usually, a settlement agreement is used to end the job, but it doesn’t have to be so. Where employment is continuous, a settlement agreement can also be used when both sides wish to settle a conflict that has arisen. A settlement agreement may also be used for other purposes as well.
5 Steps to Create a Settlement Agreement in MS Word
Step 1: Create a New Word Document
If you have Microsoft Word installed on your computer, then open it and create a new document. If you don’t, it does not matter. You can use any Word processor that you feel comfortable using. The steps that you are going to follow will remain the same. So give the title ‘Settlement Agreement’ and save the document giving a name from which you can understand the content.
Step 2: Write an Overview of the Terms
In this section write an overview of the contract and define the various terms that you will be using in the contract. Write down the details of the people between whom the settlement is taking place. Also, mention the date from when the settlement is supposed to commence. If there are other such details that you would like to include, feel free.
Step 3: Acknowledgement
In this section, one party acknowledges the fact that a certain sum of money or something similar remains to be paid to the other person. The first party’s failure to do so on time has resulted in this settlement term. Also, write a statement that the party agrees to abide by the terms and conditions mentioned here.
Step 4: Settlement Clauses
This is the primary section of the contract where all the terms and conditions related to the settlement are to be mentioned step by step. This is to include the amount to be paid, if any, the services that are due and all the deliverables possible for the other party. Also, mention the time by which the terms of this agreement needs to be met failing which would result in the contract becoming void.
Step 5: Statement of Agreeing
In the last step, write down a statement suggesting that the person or persons signing below have read the conditions that have been mentioned above. They also think they are fair and are willing to abide by the. After that there should be a space for the parties to put their name, signature and date.
16+ Settlement Agreement Templates
1. Settlement Agreement Template
2. Property Settlement Agreement Template
Looking for a property settlement agreement that you can download and start using instantly. How about you download open this agreement in Pages and start editing. It contains all the basic clauses that you might be needing. Being editable means you can also include your own clauses.
3. Debt Settlement Agreement Template
If a person has not been able to settle his debts, it is worth giving him another chance throught a debt-settlement policy. If you don’t know how to create a similar confidential settlement agreement, then you should definitely consider givind this template a try. Download and edit this agreement template in Word
4. Basic Settlement Agreement Template
Creating a basic agreement may not be the easiest thing. But it does not need to be as tough either. If you have our website bookmarked, you already know what we are talking about. If not then download this template right now to get informed. It will help you to not only write an settlement agreement for yoursef, but also save you a lot of time.
5. Simple Settlement Agreement Template
Violation of any of the clauses of the agreement that you signed would result you getting you into a settlement with the other party. If you have not dealt with something like this before, it is good idea to be prepared. For that, we suggest that you download this sample legal agreement.
6. Confidential Settlement Agreement Template
Confidentiality agreements have a number of technicalities attached to it that you may or may not be priviy too especially if you hav not come across one before. That is why suggest that you download this sample confidentiality settlement agreement. This will tell you all that you need to know about such documents.
7. Settlement Agreement and Mutual Release Template
If the investigation carried out by the authorities have proven that the other party is to be blamed then you have the option of asking the other party for a settlement. If you are unaware of what the stipulations of such a contract might be, take a look at this settlement and release agreement.
8. Model Settlement Agreement Template
If this is the first time you are creating a settlement agreement wouldn’t it be great if you had a step-by-step guide that you could take reference from. We know it would. That is why we have created this template that is sure to boose your confidence and make sure that you don’t miss any important point. Check out our other agreement templates as well if you are looking for some variation.
9. Stipulated Settlement Agreement Template
A settleman agreement can be used when there is a long process that needs to be gone through on the breach of the original contract. Both parties might be unwilling to go through the lengthy process and settle for a release agreement instead. If you want to look at a sample to get a btter idea, check out this one.
10. Third Party Settlement Agreement Template
If your requirement is just a basic agreement form that you can use for creating third party settlement then you are probably looking for this template. Download this template and start editing. Since this is available in PDF format, doing that is going to be a breeze as well.We have other templates as well, if you are interested.
11. Sample Settlement Agreement Template
If the free agreement templates for settlement contracts that you have come across so far is not matching your standard, you are probably looking at the wrong place. You should give our free templates a look. They are sure to meet your standards for they have been created by our best professionals.
12. Formal Settlement Agreement Template
Formal settlements are much more detailed than the usual ones that you come across. So if this is your first time preparing one, then you might want to take a look at this template over here. This will give you a fair idea of what you have to deal with. There are more templates that you can find on our website, that will give you enough information on the topic.
13. Master Settlement Agreement Template
So for this term’s summer project you have to do research on master settlement agreements and you are wondering where you are going to find the resources. Why fear when our templates are here? To get started, check out this template in PDF. We have more templates if you need them. So bookmark our site for future reference as well.
14. Final Settlement Agreement Template
If you have been asked to prepare the final settlement agreement, but you are running out of time, you might want to give our agreement template a shot. This is precisely the thing you need and in case it is not our vast collection of similar templates is sure to have something that wil help you to get the work done faster.
15. Professional Settlement Agreement Template
If you are not acquainted with the technicalities involved in creating a professional settlement agreement then yous should probably take a look at our settlement agreement template. You can choose to just edit it and use as it is or use the format to create something that is custom made for your own needs.
16. Settlement Agreement Template in PDF
Creating a settlement agreement is a time consuming task. Add to that the chances of forgetting to put some important clause and everything starts looking scary. If you are a novice in this field all of this might seem intimidating. But you don’t need to worry, not when we have a number of templates that are sure to guide you through the process.