Colorado Stipulation for Dismissal is a legal document used in the state of Colorado to request the dismissal of a civil case. This stipulation is filed by the parties involved in the case to inform the court that they have reached a settlement or agreement, and that they no longer wish to proceed with the litigation. The Colorado Stipulation for Dismissal is a vital step in the legal process as it allows the court to close the case and relieve the parties from further legal obligations. By filing this document, the parties acknowledge that they have resolved their dispute and agree to dismiss the case without prejudice, meaning it can be re-filed if necessary. In Colorado, there are two main types of Stipulations for Dismissal: 1. Stipulation for Dismissal With Prejudice: This type of stipulation signifies a final resolution of the case, where the parties agree that the dismissal is permanent and cannot be re-filed in the future. Once the court approves this stipulation, the case is closed, and the parties are barred from bringing forth the same claims again. 2. Stipulation for Dismissal Without Prejudice: This type of stipulation is utilized when the parties want to dismiss the case temporarily, without prejudice to their right to re-file it at a later time. It is often used when there is a need for further negotiation or investigation before reaching a final resolution. If a stipulation for dismissal without prejudice is approved by the court, the case is closed, but the parties can choose to re-file their claims and start the litigation process again if necessary. Both types of Colorado Stipulation for Dismissal require the agreement and signatures of all parties involved in the case. It is recommended to consult with an attorney to ensure the stipulation is drafted correctly and to avoid any potential legal ramifications. In conclusion, a Colorado Stipulation for Dismissal is a crucial document used to request the dismissal of a civil case in the state of Colorado. Understanding the different types of stipulations, whether it is dismissal with prejudice or dismissal without prejudice, is crucial for parties involved in the case to determine the finality of the dismissal.