Partition Settlement Agreement With Stipulated Judgment In King
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What is an agreement? In a civil lawsuit, the document that spells out the terms of an out-of-court agreement that the parties reach. It can also be called a settlement.
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“Settlement Agreement” and “Stipulation” are often used interchangeably.
In a settlement, the parties determine the outcome of the case and there is no trial before a judge or jury. Many cases are settled, meaning the parties come to an agreement, usually called a "Stipulation of Settlement," which is written down and signed by the parties and the Judge.
A “stipulated judgment” – which is sometimes also called a “consent judgment” – is a voluntary agreement between the parties involved in a legal dispute that operates to settle the case.
A Stipulated Judgment is similar to a Marital Settlement Agreement in that the Stipulated Judgment contains agreements between the parties about all of the same issues discussed above. However, a Stipulated Judgment is usually a shorter and more abbreviated version of a Marital Settlement Agreement.
A settlement is an agreement between both parties to the lawsuit that resolves their dispute prior to trial. A judgment is an official designation entered on a court's docket that signifies that a plaintiff has prevailed in a court case against the named defendant.
A stipulated judgment is voluntary and agreed upon between two parties, often as an attempt to avoid garnishment. Once a stipulated judgment is signed, it is legally binding.
The terms of a stipulated judgment may cover similar topics – custody, visitation, support, and asset division – but they may be shorter and less detailed when compared to a marital settlement agreement.