Settlement Agreement and Release Practical Law

This form is a settlement and release agreement that can be used in a federal district court. It contains drafting notes and optional clauses, CONSIDERING that the parties wish to keep in mind the terms of their agreement and to do so in this document; and CONSIDERING that the Parties acknowledge that they enter into this Settlement Agreement voluntarily and after consultation with counsel of their choice; FOR THIS REASON, the parties agree on a good and valuable consideration, the receipt, suitability and suitability of which are hereby acknowledged, and with the intention of being legally bound, as follows: CONSIDERING that on or about [date], the plaintiff may bring a civil action against the defendant entitled [Case Name] in U.S. District Court for [Court Name] No. [File number] (the “Dispute”); On behalf of the claimants: ____ CONSIDERING that the parties to the dispute have agreed to settle and settle the claims and objections in the dispute amicably; and…