Free Out of court settlement letter

I. Introduction

This Civil Dispute Settlement Agreement ("Agreement") is made and entered into on [DATE], by and between:

• [PLAINTIFF NAME], located at [PLAINTIFF ADDRESS] ("Plaintiff"),

• [DEFENDANT NAME], located at [DEFENDANT ADDRESS] ("Defendant").

Whereas, the parties are involved in a civil dispute regarding [BRIEF DESCRIPTION OF DISPUTE].

II. Settlement Terms

1. Release of Claims:

   • Upon execution of this Agreement, both parties agree to release each other from any and all claims, demands, and liabilities arising out of or related to the aforementioned dispute.

2. Compensation:

   • Defendant agrees to pay Plaintiff the sum of $[AMOUNT] as compensation for [REASON FOR COMPENSATION]. Payment shall be made within [NUMBER] days of the execution of this Agreement.

3. Discontinuance of Legal Action:

   • Both parties agree to immediately cease any legal action or proceedings initiated or contemplated against each other related to the dispute.

4. Agreement to Non-Admission:

   • The parties agree that the execution of this Agreement does not constitute an admission of liability by either party.

III. Mutual Non-Disparagement

Both parties agree not to make any negative or disparaging remarks, either orally or in writing, regarding each other, their businesses, or this settlement agreement.

IV. Confidentiality

The terms and conditions of this Agreement shall remain confidential between the parties and shall not be disclosed to any third party, except as required by law.

V. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [STATE], without regard to its conflicts of law principles.

VI. Costs and Expenses

Each party shall bear their own costs and expenses incurred in connection with the dispute and the negotiation and preparation of this Agreement.

VII. Indemnification

Each party agrees to indemnify and hold harmless the other party from and against any and all claims, damages, losses, liabilities, and expenses, including reasonable attorney fees, arising out of or related to any breach of this Agreement.

VIII. Severability

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

IX. Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether oral or written.

X. 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 hereto have executed this Agreement as of the date first above written.

[PLAINTIFF NAME]

[DATE]

[DEFENDANT NAME]

[DATE]

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