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A settlement agreement works by the parties coming to terms on a resolution of the case. The parties agree on exactly what the outcome is going to be. They put the agreement in writing, and both parties sign it. Then, the settlement agreement has the same effect as though the jury decided the case with that outcome.

Full and Final Settlement commonly known as FnF process is done when an employee is leaving the organization. At this time, he/she has to get paid for the last working month + any additional earnings or deductions. The procedure has to be carried out by the employer after the employee resigns from their services.

Calculation of amounts payable:- Example: If an employee's Basic salary is Rs. 10,000 and has a balance of 20 unutilized earned leaves, then earned leaves amount payable will be calculated as (20 x 10,000)/26 = Rs. 7,692, considering there are 26 working days in a month, excluding the holidays.

It's a form that you can use to notify the court that your matter has settled, and these are important forms because there's a lot of things that the court is doing with your case behind the scenes that you may not realize especially as different hearings approach.

Conditional Settlement means a binding settlement agreement filed with the court which will result in a dismissal on the satisfactory completion of specific terms or result in a judgment without further hearing upon the filing of a declaration establishing defendant's default.

It helps both parties cut their losses on time. An out-of-court settlement does not translate to an admission of guilt but involves both parties determining how to manage damages. In contrast, an admission of guilt is usually an express verbal or written statement linking the person to the offense.

Final settlement often refers to a settlement agreement, which is an agreement to some resolution of the dispute and to stop future litigation. Final settlements differ depending on what the parties negotiate.