A New York Notice of Settlement is a document issued by the court in New York to provide notice to all parties involved in a legal dispute that a settlement has been reached. This document outlines the details of the settlement, including the payment terms, the release of any claims, and any other obligations or restrictions. There are two main types of New York Notice of Settlement: an Order of Settlement and a Stipulation of Settlement. An Order of Settlement is a formal court order that outlines the details of the settlement, and is legally binding. A Stipulation of Settlement is a less formal agreement between the parties that outlines the details of the settlement, but is not legally binding.