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If one party fails to comply, the other party can take legal action to enforce the agreement, possibly leading back to court.
Yes, like many settlement agreements, some terms may be confidential to protect the interests of both companies.
Yes, settling disputes out of court is a common practice in business as it saves time, resources, and stress for both parties.
This settlement paves the way for both companies to collaborate more effectively and hopefully thrive in their business endeavors.
The claims involved disputes over contracts and business practices that had caused friction between the two companies.
They decided to settle to avoid the hassle and expense of a courtroom battle, and to move forward with their business operations.
The Orlando Florida Settlement Agreement is a legal arrangement between Dynamic Web-Enterprises, Inc. and VIRTUAL 'EX, Inc. to resolve their claims without going to trial.