Nassau, New York Settlement Agreement and Release of Claims — PendinLitigationio— - General Form is a legal document commonly used in Nassau County, New York, when parties involved in a pending litigation wish to settle their disputes and release each other from any further claims. This agreement serves as a legally binding contract that outlines the terms and conditions upon which the parties agree to resolve their differences and bring an end to the litigation. The Nassau, New York Settlement Agreement and Release of Claims — PendinLitigationio— - General Form includes several key elements: 1. Parties: The agreement identifies the parties involved in the litigation, usually the plaintiff(s) and the defendant(s). 2. Recitals: This section provides a brief background on the pending litigation, including the relevant case information, claims, and any previous settlement discussions. 3. Release of Claims: The agreement defines the scope of the release, ensuring that all claims and demands, whether known or unknown, arising out of the litigation, are waived. This includes claims related to damages, costs, attorney fees, and any other relief sought in the litigation. 4. Consideration: The settlement amount or consideration provided by one party to the other as part of the agreement is outlined in this section. It may include monetary compensation, promises of future actions, or other valuable considerations. 5. Confidentiality: If the parties wish to keep the settlement terms confidential, they can include a provision addressing non-disclosure and the consequences of breaching this provision. 6. Governing Law: This section indicates which state laws will govern the interpretation and enforcement of the agreement. Additional types of Nassau, New York Settlement Agreement and Release of Claims — PendinLitigationio— - General Forms may include: 1. Nassau, New York Settled Case Agreement and Release of Claims: This type of agreement applies to cases that have already been settled, where the parties enter into an agreement to document the terms of the settlement and release each other from any further claims. 2. Nassau, New York Mutual Release Settlement Agreement: This agreement is used when both parties involved in the litigation wish to release each other from claims simultaneously, finalizing the settlement and avoiding any potential future disputes. 3. Nassau, New York Mediation Settlement Agreement and Release of Claims: This version of the agreement is specific to cases that were resolved through mediation, where the parties outline the terms of their settlement and release one another from any future claims arising out of the mediated resolution. In all cases, it is crucial to consult with an attorney to ensure the proper use of the specific agreement form that suits the unique circumstances of the pending litigation.
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.