Arbitration settlement agreement for dispute highlighting the arbitration settlement amount, settlement date and other settlement terms as full and final settlement of the dispute.
The parties are desirous of settling the matter referred to in this Settlement Agreement amicably after mediation in the following terms and conditions. The agreement covers issues on costs and expenses, release and discharge of liabilities, full and final settlement of claims, etc.
On the terms and conditions stated herein in this Agreement, the Parties hereby agree, without any admission as to liability whatsoever, to a full and final settlement in all and every respect of all and every claims, reliefs, liabilities, loss and/or damage of whatsoever nature against or by whosoever that each Party has or may have raised, pleaded, disclosed, referred to and/or relied on in relation to the matters pleaded in the arbitration.
This settlement agreement should be carefully read by the settlement payee and the settlement payor involved.
This agreement may be used to record the settlement amount, date, and other settlement terms when the parties both agree to have a full and final settlement of their dispute.
Both parties should sign the agreement and return a copy, and once signed, both parties should get a copy.
To avoid any future disputes, both parties should have their signatures witnessed.
1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.
3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.