Free Debt Settlement Agreement

Negotiation
Some Debt Settlement Agreements are the result of negotiations between the creditor and debtor. Other agreements are in effect an offer of settlement terms without negotiations. This clause, if you choose to include it, will specify that the agreement is the result of negotiations and constitutes the final agreement terms between creditor and debtor.

End All Claims
Include this clause if this agreement ends all claims between the creditor and debtor of any kind. If you include this clause, you should also include the release of liability clause.

Confidentiality Clause
This clause specifies that all parties must keep the terms of the agreement confidential except for professional services like lawyers or accountants.

Agreement Not To Sue
An agreement not to sue will specify that all parties agree not to sue each other unless either party fails to meet the terms of this agreement.

Liability Clause
The release of liability clause will release all parties from any liability or wrongdoing and all parties deny any liability or wrongdoing. All parties also agree not to disparage each other at any time.

All parties subject to this agreement must sign the document. If there is more than one creditor, the creditor may hire a joint representative to sign the document on their behalf. In this case, the representative will sign and the signature will be binding on all creditors represented by said representative.

Each party to the agreement should receive their own copy. All copies should be identical.