Private Settlement Agreement
I. Introduction
This Private Settlement Agreement ("Agreement") is made and entered into on [DATE], by and between [PARTY A'S NAME], hereinafter referred to as [PARTY A], and [PARTY B'S NAME], hereinafter referred to as [PARTY B].
II. Background
[PARTY A] and [PARTY B] have been involved in a dispute concerning [Brief Description of Dispute or Matter]. The parties have engaged in negotiations and desire to resolve the matter amicably and without resorting to formal legal proceedings.
III. Terms of Settlement
Compensation:
[PARTY A] agrees to [Brief Description of Action or Payment], which shall be completed within [TIME FRAME] of the execution of this Agreement.
[PARTY B] agrees to [Brief Description of Action or Payment], which shall be completed within [TIME FRAME] of the execution of this Agreement.
Release of Claims:
Upon receipt of the agreed compensation, [PARTY A] agrees to release and discharge [PARTY B] from any and all claims, demands, and liabilities arising out of or related to the dispute.
Similarly, [PARTY B] agrees to release and discharge [PARTY A] from any and all claims, demands, and liabilities arising out of or related to the dispute.
Confidentiality:
IV. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state of [STATE].
V. Entire Agreement
This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
VI. Execution
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[PARTY A]
[PARTY B]
Settlement Templates @ Template.net
