Judiciary And Legal Systems Questions
The purpose of a legal settlement agreement is to resolve a dispute or conflict between parties involved in a legal case without the need for a trial. It is a legally binding contract that outlines the terms and conditions agreed upon by both parties to reach a mutually acceptable resolution. The agreement typically includes provisions such as the payment of damages, release of claims, confidentiality, and any other specific terms relevant to the case. By entering into a settlement agreement, the parties can avoid the time, expense, and uncertainty associated with litigation, and instead, achieve a final resolution to their dispute.