A settlement in law terms, and as how Wikipedia would define it, is a resolution between parties who are in dispute mostly likely about a legal case, which is most often between employees and employers. A settlement agreement also prevents a battle in court having both parties or the parties involved opting for a settlement agreement rather than having to have a battle in court.
You can also check out this page’s Sample Agreements, which you may find useful and helpful as well as pretty much handful and informative if you are to face a dispute against someone. It is also highly recommended to seek and ask assistance from a legal counsel or from a professional lawyer.
13+ Sample Settlement Agreement Templates
Settlement Agreement Template
Sample Property Settlement Agreement Template
Debt Settlement Agreement Example
Sample Master Settlement Agreement
Debt Settlement Agreement Example
Employment Services Settlement Agreement
Settlement and Release Agreement
Property Settlement Agreement
Since it is essential and highly important for you to know what you are dealing with and how you would go about dealing with it, when facing legal matters, here are different types of settlement agreements along with each of their definitions. You can also check out this page’s Master Settlement Agreements and Lease Termination Agreements, whichever you may find useful.
Settlement Confidentiality Agreement
Global Settlement Agreement in PDF
Marital Settlement Agreement
Loan Settlement Agreement
Settlement Termination Agreement
Sample Settlement Agreement in PDF
Types of Settlement Agreements
- Temporary Life and Joint Survivor Annuity – the difference between the joint survivor annuity and a temporary life is that in a joint survivor annuity, you will be still getting a structured settlement not only for the entirety of your lifetime but your beneficiary will also be getting a structured settlement even after you die as opposed to a temporary life that will end when you die.
- Lump Sum Settlement – this type of settlement agreement is what most huge companies would definitely prefer. Lump sum settlement, according to eHow, is when the receiving party of the agreement will be paid in full amount at once. The reason why big companies would rather have this kind of settlement agreement is that they can have the settlement payment written off their taxes, although taking and opting to have the lump sum settlement would require the paying party to also pay the taxes in full amount.
- Lump Sum Annuity – this type of settlement payment is a type of lump sum payment wherein the payment can defer until a certain future date at which the settlement payment has to be made. If in some cases you will be dead, the lump sum annuity settlement payment will pay your beneficiary and it will be received as a “life contingent lump sum.”
- Structured Settlements – this type of settlement agreement can be paid monthly, yearly, or every few years, according to eHow. Since this type of settlement agreement is specified and structured also, its payment mode and structure is some sort of like an installment basis. Clearly this type of settlement is not the best option if you as the receiving party would want to have the full payment at once and on an immediate basis.
Standard Employment Agreements can also be found on this page for free.
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