Free Mutual Release and Settlement Agreement Template
Mutual Release and Settlement Agreement
This Mutual Release and Settlement Agreement ("Agreement") is made and entered into by and between [PLAINTIFF NAME] ("Plaintiff") and [DEFENDANT NAME] ("Defendant"). This agreement serves to resolve all disputes and claims relating to the incident dated [INCIDENT DATE] at [INCIDENT LOCATION].
I. Parties
[Plaintiff Name], the "Plaintiff," located at [PLAINTIFF ADDRESS], and [Defendant Name], the "Defendant," located at [DEFENDANT ADDRESS].
II. Recitals
Whereas, on [INCIDENT DATE], events occurred leading to disputes between the Parties; and Whereas, the Parties wish to resolve any and all claims arising from the aforementioned incidents fully and finally.
A. Settlement Summary:
-
Total Settlement Amount: [SETTLEMENT AMOUNT]
-
Payment Terms: to be paid by [PAYMENT DEADLINE]
-
Mode of Payment: [PAYMENT MODE]
III. Terms of Settlement
The following terms have been agreed upon by both Parties:
Both Parties agree to a total settlement amount of [SETTLEMENT AMOUNT] which the Defendant agrees to pay following the Payment Terms mentioned above.
Upon the completion of the settlement payment, Plaintiff agrees to dismiss any pending actions and release the Defendant from any future claims arising from the initial incident.
IV. Release
Upon fulfillment of the settlement terms, each Party agrees to mutually release the other from any future claims, demands, or liabilities that are related to the incident described in these Recitals.
V. Confidentiality
Both Parties agree to keep the terms of this Agreement, including the settlement amount and circumstances regarding the incident, confidential, unless disclosure is required by law.
VI. Entire Agreement
This Agreement constitutes the full agreement between [PLAINTIFF NAME] and [DEFENDANT NAME]. Any modifications or amendments to this Agreement must be made in writing and signed by both Parties.
VII. Signatures
[PLAINTIFF NAME]
[DATE]
[DEFENDANT NAME]
[DATE]
