A settlement agreement letter is a legal document that outlines the terms and conditions of a settlement between two parties who have been in dispute. The purpose of the letter is to formally document the agreement reached between the parties and to prevent any further legal action.
The settlement agreement letter typically includes details such as:
- The names of the parties involved in the dispute
- The specific terms of the settlement, including any financial compensation or other remedies agreed upon
- Any future obligations or responsibilities of the parties
- The date by which the settlement agreement must be fulfilled
Both parties typically sign the settlement agreement letter to indicate their acceptance of the terms and conditions. Once signed, the letter becomes a binding legal agreement that both parties are required to uphold.
There are several different kinds of settlement agreement letter templates out there, and the version that suits your own best needs will determine on your own personal situation.
On this page we've linked to various free settlement agreement letter templates that exist on the web.
Please note that we can't be legally responsible for the content of these letters - but don't hesitate to reach out to us
if you would like help from a settlement agreement and employment solicitor.