This form is a Settlement Agreement usable in cases where licensing, patents, or commercial trade secrets are a factor.
District of Columbia Settlement Agreement
State:
Multi-State
Control #:
US-TS10045
Format:
Word;
PDF;
Rich Text
Instant download
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How to fill out Settlement Agreement?
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FAQ
A consent to settlement clause is a provision (also known as the "hammer clause" and "blackmail settlement clause") found in professional liability insurance policies that requires an insurer to seek an insured's approval prior to settling a claim for a specific amount.
Generally speaking, there is a three year statute of limitation for personal injury cases in DC. This means that a personal injury case must either be filed or completely resolved within three years of the date of the occurrence or, in some cases, the date in which the harm is discovered.
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Indemnifications, or ?hold harmless? provisions, shift risks or potential costs from one party to another. One party to the contract promises to defend and pay costs and expenses of the other if specific circumstances arise (often a claim or dispute with a third party to the contract).
A settlement agreement might involve your employer promising to pay you a sum of money, stop treating you unlawfully or both. The settlement agreement is a legal contract between you and your employer - you both have to stick to it. Your employer is likely to want you to keep the agreement confidential.
A claim for breach of contract generally requires showing the existence of a valid contract, a duty arising out of the contract, a breach of the duty, and damages resulting from the breach.
What should be included in a settlement agreement is all the terms that you want to be part of the final judgment. For example, it might just state the amount that one party is going to pay to the other party. However, it might also say the timeline for payment or specify what the payment is for.
Settlement agreements often contain clauses relating to confidentiality whereby the parties agree to keep the agreement itself confidential and not disclose its details to third parties (usually with limited exceptions such as close family members and professional advisers, or an exception that makes it clear that the ...