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A breach is when either party refuses to adhere to the agreed terms and conditions outlined in the settlement contract. In brief, a party that breaches a settlement agreement will risk being forced to complete the agreement and paying the legal costs of the party seeking to enforce the agreement.
No, a settlement offer is not binding until the other side accepts it. A settlement offer is just a proposal to resolve the case.When the parties memorialize their agreement as required by the law in their jurisdiction, a finalized settlement offer becomes binding.
In most cases, the parties enter into an agreement settling their dispute before the court issues a final judgment in the case.
A settlement agreement need be signed by only one of the parties to be enforceable under Code of Civil Procedure §664.6. The court can enforce a settlement pursuant to Code of Civil Procedure A§664.6 if the parties state in the settlement agreement that the court will reserve jurisdiction.