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Making a Settlement and Release Agreement
Reviewed by Rocket Lawyer On Call Attorney Michael Duffy, Esq
When you've gotten involved in a lawsuit and it's no longer worth the fight, a Settlement and Release Agreement can help you end it quickly. Maybe you're the defendant and want to settle outside of court. Or maybe you filed the suit and want to define the terms where you'll settle. Nobody wants a long, drawn-out court drama. Using a Settlement and Release Agreement can help everyone get on with their lives.
Use the Settlement and Release Agreement document if:
Things can get ugly when you've been drawn into a legal battle with another business. Sometimes it turns out to be a losing proposition for all involved. It's tough to forgive and forget, but with a Settlement and Release Agreement, at least you can start the paperwork. It doesn't matter if you're the defendant or the one doing the suing. You both want to settle things as quickly as possible. Civil lawsuits are expensive for everyone involved. Why waste money? Settling outside of court is faster, easier, and kinder to your bank account. There's a good chance that the other person would rather settle, too. So it's time for a little negotiation. What's it going to take for a settlement? A Settlement and Release Agreement can help you figure that out.