Information on a settlement form includes case information and the terms of the settlement. Litigants may also include legal language that divides up the cost of attorney fees and requires the litigants to keep settlement information confidential, according to mediator Darrel Lewis.Continue Reading
A settlement form begins by identifying the parties involved. If the settlement involves a pending legal claim, the parties write the case number on the agreement so that the court can identify it, explains Darrel Lewis. The parties state in the settlement agreement that the listed terms settle the pending dispute.
The agreement states whether it finalizes all claims or if either one of the litigants may return to litigation with additional demands. If the nature of the case surrounds liability, the agreement might admit liability or state that neither party admits legal liability for any actions, explains Miller & Zois, LLC. If the type of agreement lends to further possible confusion or future interpretation of the law, the agreement might state which jurisdiction's laws control any future disagreements about the terms of the settlement.
If a litigant appears on behalf of a corporation or another individual, the settlement agreement typically asks each litigant to verify her authority to settle the claim on behalf of another person or entity, states Darrel Lewis. Confidentiality portions of agreements might prevent the litigants from speaking about the settlement and may even impose damages if a litigant violates them. Any agreement always includes signature lines for the litigants to sign and date.Learn more about Law