Demystifying Settlement Agreements by Wyner and Tiffany
"In drafting a settlement agreement, the devil is in the details." - Pete Wright.
Settling a case avoids the delay, expense, uncertainty, and emotional strain associated with litigation. A settlement agreement offers more flexibility in crafting a remedy.
Yet few agreements are more complex than settlement agreements. A well-crafted settlement agreement can be very effective in resolving disputes and allowing the parties to move forward. A poorly-crafted agreement can create new problems, and lead to even more litigation.
In "Demystifying Settlement Agreements," Steven Wyner and Marcy Tiffany explain how settlement agreements should be structured, and common pitfalls to avoid.
Demystifying Settlement Agreements is available from http://www.wrightslaw.com/law/art/wyner.tiffany.agreement.pdf.
To illustrate their points, Wyner and Tiffany provide a Sample Settlement Agreement to explain the basis and importance of each clause. The Sample Agreement is available in Word and PDF:
Be sure to print the article, Demystifying Settlement Agreements, and the Sample Settlement Agreement. As you read the article, you need to have the Sample Agreement before you.
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