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Dispute Settlement Agreements is a legal contract executed by and amongst the parties whether natural individuals, corporations or governments to solve a dispute in future if any arises.
Contents of a Mediation Settlement Agreement Identification of the Parties. The names and addresses of the parties to the dispute. Summary of the Dispute. A brief description of the nature of the dispute. Terms of Settlement. ... Payment Provisions. ... Confidentiality Provisions. ... Governing Law. ... Signature Blocks.
What Should Be Included in a Settlement Agreement? Identifying information for all involved parties. A description of the issue you're seeking to settle. An offer of resolutions that both parties agree to. Proof of valid consideration from both parties without coercion or duress. Legal purpose.
If you can prove that a settlement is flawed, you can have it overturned. If a settlement agreement is signed under duress or deception, it might not be legal. A settlement agreement may also be revoked due to a mistake made by both parties or a false statement made by the other party.
Write out the terms of the agreement in plain language that both parties can understand. Ensure that each party's rights and responsibilities are clearly stated. Include any and all details that have been agreed upon by both parties. Ensure that the agreement is legally binding.