The North Carolina Settlement Agreement and Release of Claims — Breaccontractac— - General Form is a legal document used to resolve disputes related to breach of contract in the state of North Carolina. This agreement serves as a binding contract between the parties involved, determining the terms under which the disagreements will be settled and claims released. By utilizing specific keywords, we can elaborate on the types of settlements and releases the agreement covers. There are several types of North Carolina Settlement Agreement and Release of Claims — Breaccontractac— - General Form, including: 1. Commercial Breach of Contract Settlement: This type of settlement agreement is utilized when a breach of contract occurs between two businesses or commercial entities in North Carolina. It outlines the terms of compensation, damages, or other resolutions agreed upon by the parties involved to settle the dispute. 2. Employment Breach of Contract Settlement: This agreement comes into play when a breach of contract arises in an employment relationship within the state. It outlines the terms under which the employee and employer agree to resolve the breach, including compensation, severance packages, non-disclosure agreements, and more. 3. Construction Breach of Contract Settlement: In construction projects within North Carolina, disagreements may arise, leading to breaches of contract. This settlement agreement caters specifically to such situations, covering issues related to project delays, defective work, payment disputes, and other construction-related breaches. 4. Real Estate Breach of Contract Settlement: If a breach of contract occurs in a real estate transaction within North Carolina, this settlement agreement is utilized. It addresses disputes regarding property sales, lease agreements, mortgage contracts, or any other breach involving real estate. 5. Consumer Breach of Contract Settlement: This type of settlement agreement is relevant when a breach of contract occurs between a consumer and a business in North Carolina. It outlines the resolution terms for disputes regarding faulty products, services, warranties, repayment issues, or any breach affecting consumers' rights. Regardless of the specific type, a North Carolina Settlement Agreement and Release of Claims — Breaccontractac— - General Form provides a structured and legally binding framework for parties involved in breach of contract disputes to settle their differences and release any related claims.