Non-Judicial Settlement Agreement
I. Introduction
This Non-Judicial Settlement Agreement ("Agreement") is made and entered into on [DATE], by and between:
[YOUR NAME], as the Trustee of the [TRUST NAME] Trust (hereinafter referred to as "Trust"), and
[BENEFICIARY NAME], as the Beneficiary of the Trust.
II. Background
Whereas, the parties desire to resolve certain ambiguities and conflicts in the trust documents of the Trust dated [DATE], and any amendments thereto (collectively referred to as the "Trust Documents").
III. Interpretation
Ambiguities Resolution: The parties agree to clarify any ambiguities found in the Trust Documents to ensure a clear understanding of the intentions of the grantor.
Conflicting Interpretations: Any conflicts or discrepancies in the interpretation of the Trust Documents shall be resolved in accordance with the terms outlined herein.
IV. Scope of Agreement
Identifying Ambiguities: The parties shall jointly identify and document any ambiguities or uncertainties present in the Trust Documents.
Resolution Process: Upon identification, the parties shall engage in good faith discussions to resolve the ambiguities and conflicts in a mutually agreeable manner.
Modification or Amendment: If necessary, the parties may agree to modify or amend the Trust Documents to reflect the resolutions reached herein.
V. Terms of Resolution
Trustee's Responsibilities: The Trustee agrees to provide all relevant information and documentation necessary for the resolution process.
Beneficiary's Rights: The Beneficiary shall have the right to review and comment on any proposed resolutions before finalization.
Finality of Agreement: This Agreement shall be final and binding upon execution by both parties and shall supersede any prior agreements or understandings, whether written or oral, relating to the subject matter herein.
VI. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [YOUR STATE], without regard to its conflict of laws principles.
VII. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[YOUR NAME]
Trustee
[BENEFICIARY NAME]
Beneficiary
VIII. Confidentiality Clause
The parties agree to maintain the confidentiality of this Agreement and shall not disclose its terms or contents to any third party without the prior written consent of the other party, except as required by law.
Settlement Templates @ Template.net
