A settlement agreement, also known as a compromise agreement, is a legally binding contract that outlines the terms and conditions agreed by those involved (the two parties) aiming to resolve an ongoing dispute.
Parties agree to settle a potential claim or claims or other court proceedings in exchange for compensation. (financial or non-financial e.g. shares).
These agreements are voluntary and prepared via negotiations certified by a lawyer.
Details covered include:
A settlement agreement enables your company to:
A settlement agreement is important for an event tomorrow, as it helps: