Yes, once all the necessary written concurrences are obtained, a settlement agreement is binding on both parties.
To meet the requirements of summary enforcement, an out-of-court written settlement agreement must be signed by the parties themselves and not just their attorneys. In addition, all of the parties to the settlement agreement must sign the agreement and not just the party against whom enforcement is sought.
In California, confidentiality of terms and existence of a settlement can be maintained. Generally, there is a presumption of allowing public access to court records. But in certain cases, such documents can be sealed.
The Franchise Tax Board will send a notice or letter to personal taxpayers and business entities for issues that may include but not limited to: You have a balance due. You are due a larger or smaller refund. We need to notify you of delays in processing your return.
Notice of Settlement of Entire Case (CM-200) Tells the court and other side that the dispute in the case has been settled by agreement of the parties, and that the case will be dismissed.