Settlement Agreement & Release Template: Payment, Claims & Terms

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Settlement Agreement and Release Template

This Settlement Agreement and Release (“Agreement”) is entered into on [Date], by and between:

Party A: [Full Legal Name / Company Name]

Address: [Address]

Contact: [Phone, Email]

Party B: [Full Legal Name / Company Name]

Address: [Address]

Contact: [Phone, Email]

Together referred to as the “Parties.”

1. Background

The Parties have a dispute relating to [brief description of dispute/claim]. The Parties now desire to resolve the matter fully and finally without further litigation.

2. Settlement Terms

Party A shall pay Party B the sum of $[Amount] on or before [Payment Date].
Payment shall be made by [method of payment].
Each Party agrees to bear its own legal fees and costs, unless otherwise specified.

Party A shall pay Party B the sum of $[Amount] on or before [Payment Date].

Payment shall be made by [method of payment].

Each Party agrees to bear its own legal fees and costs, unless otherwise specified.

3. Mutual Release

In consideration of the settlement payment and promises herein, each Party releases, waives, and discharges the other from any and all claims, demands, causes of action, or liabilities, known or unknown, arising out of or relating to the dispute.

4. No Admission of Liability

This Agreement does not constitute an admission of liability by either Party. It is entered solely for the purpose of resolving the dispute.

5. Confidentiality

The Parties agree that the terms of this Agreement shall remain confidential, except as required by law or with the written consent of both Parties.

6. Non-Disparagement

The Parties agree not to make negative or disparaging statements about one another in connection with the dispute or this Agreement.

7. Governing Law

This Agreement shall be governed by and construed under the laws of [State/Country].

8. Entire Agreement

This document contains the entire understanding between the Parties and supersedes all prior discussions or agreements.

9. Signatures

Party A: ____________________________ Date: _________

Name/Title: _________________________________________

Party B: ____________________________ Date: _________

Name/Title: _________________________________________

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Settlement Agreement & Release Template: Payment, Claims & Terms

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Settlement Agreement & Release Template — quick answers

Reviewed July 2026 Free download, PDF & DOCX

What is a Settlement Agreement and Release?

A Settlement Agreement and Release is a legally binding contract used to resolve a dispute or claim, usually involving compensation, in exchange for the parties releasing each other from further liability.

Why is a Settlement Agreement and Release important?

It ensures disputes are settled definitively, prevents further litigation, and creates a clear record of the terms. This protects both parties from ongoing or future claims related to the matter in dispute.

When should you use a Settlement Agreement and Release?

Use it to resolve employment disputes, commercial conflicts, personal injury claims, contract breaches, or any other matter where parties wish to avoid costly litigation.

What should a Settlement Agreement and Release include?

It should identify the parties, describe the dispute, outline settlement terms (including payments), specify the scope of the release, include confidentiality and non-disparagement clauses, and detail governing law.

Does signing a Settlement Agreement and Release end all claims?

Typically yes, but the scope of release depends on how it is written. Certain claims, such as those unknown at the time or not legally waivable, may remain outside its scope.