SETTLEMENT AGREEMENT

by | Feb 16, 2022 | Samples legal papers

SETTLEMENT AGREEMENT 

THIS AGREEMENT effective as of [DATE], is made and entered into by and between [NAME] of address [ADDRESS] (hereafter ‘‘G’’) and [NAME] of address [ADDRESS] (hereafter, ‘‘the C’’), collectively to be referred as to (‘‘parties/settling signatories.’’)

WHEREAS, this agreement is made for the purposes of resolving a dispute between C and G regarding Citibank account ending in 6373;

NOW THEREFORE, in consideration of the mutual covenants and promises set forth in this Agreement, and for other good and valuable consideration, the adequacy and sufficiency of which are hereby acknowledged, the Settling Signatories agree as follows:

  • EFFECTIVE DATE.

 As used in this Agreement, the “Effective Date” shall mean the date as of which the Agreement is fully executed.

  • THE SETTLEMENT. 
      1. As of the effective date, George Amin agrees to make the required payment of $_______________ towards Citibank account ending in 6373. The payment shall be made through the bank involved in the transaction.
      2. Without conceding the merit or lack of merit of any claim or defense or the existence of any liability whatsoever, the Settling Signatories wish to settle, compromise, and finally and forever resolve all matters, controversies, disputes, and claims that may exist between the Parties relating to the subject matter of this claim.
      3. Neither should George Amin nor Christine Daoud use the name of the other or information of the other in any financial transactions involving either accounts or credit cards in the future.
  • NO ADMISSION OF WRONGDOING. 

This Agreement (whether or not consummated), the settlement reflected herein, and all communications or other actions relating to this settlement shall not be used by ANY PARTY for any purpose in a lawsuit. 

  • CONSTRUCTION
      1. The terms, provisions, and conditions of this Agreement are the result of negotiations in good faith and at arm’s length between the parties. 
      2. In line with the dispute herein, C is prohibited from speaking ill of G or tainting her name in any way. G is also prohibited from speaking ill or tainting C’s name in any way. 
  • ENTIRE AGREEMENT

This contract represents the entire agreement between the two parties and supersedes any previous written or oral agreement. This agreement may be modified at any time, provided there is written consent of both parties.

  •  MODIFICATION

 This Agreement shall not be altered, amended, modified, or rescinded except by an instrument in writing signed by each of the Parties, and specifically referencing this Agreement.

 

Signs and Date by Both parties

 

Printed name: Printed name:

Signature: Signature:

Date: Date:

 

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