# Settlement Agreement
**This Settlement Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**[Party A Name]**
[Party A Address]
[City, State, Zip Code]
("Party A")
**and**
**[Party B Name]**
[Party B Address]
[City, State, Zip Code]
("Party B")
**RECITALS**
WHEREAS, the Parties have been involved in a dispute regarding [Briefly describe the nature of the dispute]; and
WHEREAS, the Parties wish to resolve their differences amicably and avoid further legal proceedings;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree as follows:
## 1. **Settlement Terms**
1.1 **Payment**
Party A agrees to pay Party B the sum of $[Amount] as full and final settlement of all claims relating to the dispute. Payment shall be made by [specify payment method] on or before [specify payment date].
1.2 **Release of Claims**
Upon receipt of the payment specified in Section 1.1, Party B hereby releases and discharges Party A from any and all claims, demands, and causes of action that Party B may have against Party A arising from or related to the dispute.
1.3 **No Admission of Liability**
This Agreement shall not be construed as an admission of liability by either party. The Parties acknowledge and agree that this settlement is made solely for the purpose of avoiding the cost and uncertainty of litigation.
## 2. **Confidentiality**
2.1 **Confidential Information**
The Parties agree that the terms of this Agreement and any discussions leading to this Agreement shall remain confidential and shall not be disclosed to any third party, except as required by law or with prior written consent from the other party.
## 3. **Governing Law**
3.1 **Applicable Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 4. **Entire Agreement**
4.1 **Complete Agreement**
This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes any prior agreements or understandings, whether written or oral.
## 5. **Amendments**
5.1 **Modification**
This Agreement may not be amended or modified except in writing signed by both Parties.
## 6. **Severability**
6.1 **Invalid Provisions**
If any provision of this Agreement is found to be void or unenforceable, the remaining provisions shall remain in full force and effect.
## 7. **Signatures**
IN WITNESS WHEREOF, the Parties have executed this Settlement Agreement as of the date first above written.
_______________________________
**[Party A Name]**
Date: ________________________
_______________________________
**[Party B Name]**
Date: ________________________
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**Note:** It is advisable to consult with a legal professional before entering into any settlement agreement to ensure that your rights are protected and that the document complies with applicable laws.