A template for a settlement agreement used in lawsuits to settle disputes between legal entities. This template serves as the basis for drawing up an agreement between the plaintiff and the defendant in order to resolve the court case and includes the following key sections:
The conditions for the waiver of claims are the provisions under which the plaintiff waives the claims presented in court.
The procedure for paying the debt is the schedule and terms of payments by the defendant in favor of the plaintiff, including the amounts of the principal debt and court costs.
Payment details - the plaintiff's bank details for transferring funds.
Liability for violations - conditions for a penalty in case of late payments.
Mutual guarantees are assurances from the parties about the voluntary execution of the agreement and the absence of mutual claims.
The document regulates the procedure for debt repayment, the terms of mutual settlements and defines the rights and obligations of the parties, ensuring the legality and integrity of the fulfillment of the obligations assumed