05 19 SETTLEMENT AND RELEASE AGREEMENT

• Jurisdiction: Arkansas
• Library: Arkansas Form Book - Complete (2023 Ed.)

05-19 SETTLEMENT AND RELEASE AGREEMENT

SETTLEMENT AND RELEASE AGREEMENT

This Settlement and Release Agreement ("Agreement") is dated as of [date], by and between [plaintiff name] ("Plaintiff"), and [defendant name] ("Defendant").

WHEREAS, Plaintiff and Defendant entered into a certain contract on or about [date of contract] with respect to certain [subject matter of contract] (the "Disputed Contract"); and

WHEREAS, differences and disagreements have arisen between Plaintiff and Defendant concerning the parties' performance of the Disputed Contract; and

WHEREAS, Plaintiff instituted a civil action against Defendant in [name of court] Court (the "Civil Action"); and

WHEREAS, the parties have now reached an agreement to compromise and settle all differences, disagreements, disputes, and claims between them.

NOW, THEREFORE, for and in consideration of the mutual covenants, payment, and conditions referenced herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Settlement Payments

a.

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