Mediation Settlement Agreement
Mediation Settlement Agreement
I. Introduction
This Mediation 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 participated in mediation facilitated by [MEDIATOR'S NAME] to resolve the dispute arising from [Brief Description of Dispute or Matter]. The parties have reached a mutually acceptable resolution and desire to formalize their agreement.
III. Terms of Settlement
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Acknowledgment of Resolution:
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Both parties acknowledge that they have participated in good faith in the mediation process and have voluntarily reached a settlement agreement.
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Agreed Terms:
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[PARTY A] agrees to [Brief Description of Action or Payment].
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[PARTY B] agrees to [Brief Description of Action or Payment].
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Implementation:
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Both parties agree to fulfill their respective obligations under this Agreement within [TIME FRAME] of the execution of this Agreement.
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IV. Release of Claims
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[PARTY A] and [PARTY B] hereby release each other, their respective agents, employees, successors, and assigns from any and all claims, demands, liabilities, and causes of action arising out of or related to the dispute.
V. Confidentiality
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All discussions, negotiations, and terms of this Agreement shall be kept confidential by both parties, except as required by law or with the express written consent of the other party.
VI. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state of [STATE].
VII. 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.
VIII. 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]
[MEDIATOR]