What is a 'Settlement Agreement'?
The final contract that resolves your case.
A settlement agreement is a legally binding contract between you and the employer that resolves your legal dispute. This document is typically created after a successful mediation or negotiation.
The agreement details all the terms of the resolution, including the payment amount, deadlines for payment, and confidentiality obligations. Once this document is signed by all parties, your legal claims are considered resolved, and the case is concluded. Your formal and binding acceptance is needed before any settlement is finalized.