Small Business Contracts

Business Settlement Agreement

Negotiated resolution with explicit payment, release and dismissal conditions.

What you get

  • An editable Word document, drafted from your answers and the state's official text.
  • A proof of sources: every citation in the draft with the words it quotes, the official source, the date the text was saved and its fingerprint.
  • Notes for counsel listing each point marked [VERIFY], each blank and each choice left for the client.

What the intake asks

Plain questions, in the order an attorney would take the facts. Anything left blank stays a marked blank in the draft; nothing is invented to fill it.

The dispute

  • Your client's legal name
  • Your client's details
  • Other party's legal name
  • Other party's details and representatives
  • What kind of dispute is this
  • Facts, disputed issues and supporting records
  • Contract and other controlling documents
  • and 2 more

The settlement

  • Settlement performance and payment
  • Who releases whom, and which claims
  • When does the release take effect
  • Release conditions and preserved rights
  • Case dismissal and enforcement
  • Confidentiality and other negotiated terms

Signing

  • How will the parties sign
  • Other instructions or open decisions

Where it is offered

Every state Lawsmith has official sources for:

Official sources on file

The drafter works from the texts Lawsmith has saved for this document in the state you choose, plus federal law where it applies. Each is read from the official publisher and dated.

StateSources for this document
California57
Connecticut39
Delaware40
District of Columbia35
Florida33
Maryland41
Massachusetts37
New Jersey36
New York52
Ohio38
Pennsylvania35
Texas41
Virginia41

Among them, for New Jersey:

  • N.J.S.A. 2A:14-1: 6 years
  • N.J.S.A. 10:5-12.7 Certain waivers in employment contract deemed against public policy and unenforceable.
  • N.J.S.A. 10:5-12.8 Certain provisions in employment contract, settlement agreement deemed against public policy and unenforceable.
  • N.J.S.A. 12A:12-10. Rules applicable to changes, errors in electronic records
  • N.J.S.A. 12A:12-11. Notarized signatures or records

How the draft is checked

Before it writes, the drafter must quote the official text behind each citation. Lawsmith compares every quotation with the text on file, character for character; a citation with no checked quotation reaches you marked [VERIFY]. The draft still needs your review before it is signed, filed or sent. How citations are checked

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