Deed of settlement

A Deed of Settlement is a legal document used to resolve disputes between parties, typically in contracts or legal claims. It outlines the terms agreed upon to settle a disagreement without going to court. This document usually specifies what each party will give or receive as part of the settlement. Once signed, it becomes a binding agreement, meaning both parties are legally obligated to adhere to its terms. A Deed of Settlement helps avoid lengthy legal processes and can provide a clear resolution for both sides.