A Pennsylvania Third Party Settlement Agreement is an agreement between two or more parties that resolves a dispute without going to court. This agreement may involve the payment of money, the exchange of goods or services, or the performance of a certain action. There are several types of Third Party Settlement Agreements in Pennsylvania, including: • Compromise and Release Agreement: This agreement resolves a dispute without going to court and is usually used in cases involving personal injury or workers' compensation claims. • Structured Settlement Agreement: This agreement is used to settle a dispute through the payment of a structured, predetermined sum of money over an extended period of time. • Mediated Settlement Agreement: This agreement is used to resolve a dispute through mediation, which is a process in which a neutral third party helps the parties reach a mutually acceptable resolution. • Arbitration Agreement: This agreement is used to resolve a dispute through an arbitration hearing, in which a neutral third party hears evidence and makes a decision. • Settlement Agreement with a Third Party Provider: This agreement is used to resolve a dispute through a third-party provider, such as a lawyer or an insurance company.