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Sample Small Claims Settlement Agreement

April 11th, 2021

This transaction agreement (“the “agreement”) specifies the terms of the contractual agreement between [PLAINTIFF] (the “plaintiff”) and [DEFENDANT] (the “defendant”) who agrees to be bound by that agreement. PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of that agreement are contrary to all those that have been signed previously that win the terms of that agreement. FULL INTEGRATION. This settlement agreement replaces all previous agreements, agreements or negotiations, written or orally. AMOUNT OF COMPENSATION. In return for this transaction and the release, the defendant agrees to pay the applicant the dollar [SETTLEMENT AMOUNT] amount as a full payment, subject to the terms of this agreement). Payments are made according to the Schedule A schedule (the “compensations”). DISMISSAL OF PENDING DISPUTES. In [TIME FRAME] from the date of this Convention, the applicant undertakes to reject or dismiss all existing or pending claims in a jurisdiction, including claims filed on [DATE] in JURISDICTION (the “outstanding litigation”).

The applicant irrevocably releases the defendant and forever exonerates the defendant from future claims arising from the incident. PandaTip: In other words, if necessary, the parties will take additional steps to ensure that the debts are repaid as long as the terms of this agreement are met. The applicant therefore irrevocably and forever renounces all the rights conferred on him by law with respect to the pending litigation and the aforementioned authorization. TIME IS CRUCIAL. The contracting parties agree and recognize the crucial importance of time for compensation. PandaTip: You also want to mark the incident that led to the damage, as shown in the example, as an “incident” to facilitate reference throughout the document. PandaTip: If no claim has been filed, you can delete everything that has been written starting with “including…┬áTHE PARTIES AGREE AND ACKNOWLEDGE THAT A GENERAL PUBLICATION IS NOT TO CLAIMS, WHO DO NOT KNOW THE FEAST OR TO EXIST IN ITS FAVORS IN THE TIME OF THE EXECUTION OF THE RELEASE, WHICH, IF KNOWN, ITS DECISION TO SETTLE. PandaTip: The indication that “time is essential” ensures that delays are considered essential conditions of the contract and that the absence of such delays is considered a substantial violation of the agreement. PandaTip: This section leads the plaintiff to agree not to sue the defendant in the future with respect to the incident.


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