Sections
Progress
1 / 12
Enter the full legal name of this party exactly as it appears on their ID or business registration.
Enter the full legal name of this party exactly as it appears on their ID or business registration.
A Settlement Agreement and Release is the comprehensive binding contract that resolves a legal dispute, threatened litigation, or claims between parties in exchange for payment or other consideration, without requiring court involvement or an admission of liability. It extinguishes all covered claims permanently and typically includes a confidentiality clause. Carefully drafted to be one-directional or mutual, cover both known and unknown claims, and comply with applicable law including the ADEA (for employment releases involving employees over 40). Fill out this free settlement agreement and release template online, e-sign it digitally, and download a legally valid PDF. no account or lawyer needed. Sections: Parties, Settlement Terms.
This Settlement Agreement and Release (the "Agreement") is entered into as of ______________ by and between ______________, located at ______________ ("Releasing Party"), and ______________, located at ______________ ("Released Party") (collectively, the "Parties").
WHEREAS, a dispute has arisen between the Parties relating to: ______________ (the "Dispute"); and
WHEREAS, the Parties desire to fully and finally resolve the Dispute and all claims arising therefrom, without any admission of liability or wrongdoing by either Party, and without the expense and uncertainty of litigation;
NOW, THEREFORE, in consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
Released Party agrees to pay Releasing Party the total sum of $0.00 (the "Settlement Amount") as follows: ______________. Time is of the essence with respect to all payments. In the event of default in any payment, the full remaining balance shall become immediately due and payable, and Releasing Party may seek to enforce this Agreement as a court judgment.
In consideration of the Settlement Amount and other promises herein, Releasing Party, on behalf of itself and its heirs, successors, assigns, officers, directors, employees, and agents, hereby irrevocably and unconditionally releases, acquits, and forever discharges Released Party, its heirs, successors, assigns, officers, directors, employees, attorneys, agents, subsidiaries, and affiliates from any and all claims, demands, causes of action, suits, obligations, liabilities, damages, losses, costs, and expenses of any kind, whether known or unknown, fixed or contingent, that arise from, relate to, or are in any way connected with the Dispute or the subject matter thereof, from the beginning of time through the date of this Agreement.
Released Party does not release any claims against Releasing Party under this Agreement.
The Parties expressly waive the benefit of any statute or rule of law that provides that a general release does not extend to claims which a releasing party does not know or suspect to exist in their favor at the time of executing a release, including without limitation California Civil Code Section 1542 (if applicable), which provides: "A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party." The Parties acknowledge that they may hereafter discover facts different from or in addition to those now known, and agree that this Agreement shall remain effective in all respects notwithstanding the discovery of such additional facts.
Neither this Agreement nor any payment made hereunder constitutes an admission of liability, wrongdoing, or fault by either Party. The Parties enter into this Agreement solely for the purpose of achieving a final and binding resolution of the Dispute.
The Parties have agreed that no confidentiality obligation shall apply to this Agreement.
Releasing Party covenants and agrees never to commence, maintain, prosecute, or participate in any action, claim, suit, or proceeding against Released Party arising from or related to the Dispute or any claim released herein. If Releasing Party breaches this covenant, Releasing Party shall be liable for all costs and attorney's fees incurred by Released Party in defending such action.
Each Party agrees not to make any public statements, whether oral or written (including on social media, review platforms, or through the press), that disparage, defame, or damage the reputation, character, business, or goodwill of the other Party or its officers, directors, or employees. This obligation is a material term of this Agreement.
No additional terms.
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements. This Agreement may not be modified except by a written instrument signed by both Parties.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, without regard to its conflict-of-laws principles.
The Parties agree that this Agreement may be enforced in any court of competent jurisdiction. In the event of any dispute regarding the enforcement of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and costs from the non-prevailing party.
BY SIGNING BELOW, THE PARTIES ACKNOWLEDGE THAT THEY HAVE READ AND FULLY UNDERSTAND THIS AGREEMENT, HAVE HAD THE OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL OF THEIR OWN CHOOSING, AND ENTER INTO THIS AGREEMENT VOLUNTARILY.