A New Mexico Settlement Agreement and Release of Claims is a legal document that resolves disputes arising from litigation involving a breach of contract. It outlines the terms and conditions under which the parties involved in the litigation agree to settle their dispute and release each other from any further claims. Keywords: New Mexico, Settlement Agreement, Release of Claims, Litigation, Breach of Contract There are several types of New Mexico Settlement Agreement and Release of Claims specifically related to litigation involving breach of contract. These include: 1. General Settlement Agreement: This type of agreement outlines the terms and conditions under which parties settle their dispute outside the court. It typically includes provisions related to financial compensation, restitution, release of claims, and agreement to dismiss the lawsuit. 2. Confidential Settlement Agreement: In some cases, parties may desire to keep the settlement terms undisclosed. A confidential settlement agreement ensures that the specific details of the settlement remain private and not disclosed to the public or other parties not involved in the litigation. 3. Mutual Release Agreement: This type of agreement entails both parties releasing each other from any further claims or liability related to the breach of contract. It is a comprehensive release that ensures neither party can bring any future legal action in connection with the specific breach of contract issue. 4. Partial Settlement Agreement: In complex litigation cases, parties may agree to settle some aspects of the dispute while continuing to pursue resolution for remaining disputed issues. A partial settlement agreement details the terms agreed upon for certain aspects of the breach of contract dispute, with the understanding that other issues will still be addressed in court. 5. Lump-Sum Settlement Agreement: This type of settlement agreement involves a one-time payment or compensation to resolve the breach of contract dispute. It specifies the agreed-upon amount to be paid by one party to the other, effectively concluding the litigation process. 6. Structured Settlement Agreement: In certain cases, instead of a lump-sum payment, parties may agree to a structured settlement that disburses compensation over a specified period. This type of agreement may be beneficial when a substantial amount is involved, and the paying party prefers spreading the financial burden over time. It is important to consult with a legal professional or attorney to draft and review the specific terms of a New Mexico Settlement Agreement and Release of Claims Litigationio— - Breach of Contract, as these agreements can vary depending on the circumstances of the case and the preferences of the involved parties.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.