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Out of Court Financial Settlement
If you would like to avoid the time and expense of the court litigation process you may want to settle out of court for your financial settlement. You can use the attached Out of Court Financial Settlement template for reference to see how the out of court settlement process flows.

Free Sample Template
Format: Word PDF
# of Pages: 1
Printable: Yes

Out of Court Financial Settlement TemplateForm 3703
Format: Word PDF
Category: Legal, Court and Jury
Type: Settlement

Out of Court Financial Settlement

This Out of Court Financial Settlement Agreement (“Agreement”) is entered into between the following parties (“Parties”):

“Plantiff”

Name: ________________________________________________________________________________________

Address: ______________________________________________________________________________________

City: ______________________________________________ State: _______________ Zip Code: ______________

AND

“Defendant”

Name: ________________________________________________________________________________________

Address: ______________________________________________________________________________________

City: ______________________________________________ State: _______________ Zip Code: ______________

The above Plaintiff filed a civil action against Defendant with a Case #_____________________________________

To avoid the time and expense of the litigation process the Parties would like to resolve their differences and reach an end, compromise, and settlement for all of the disputes that exist and potentially exist between them from the incident.

In consideration of the mutual execution of this Out of Court Financial Settlement Agreement and the releases and promises made in the Agreement by the Parties, the Parties do hereby agree to the following terms:

In exchange for the complete resolution of this matter, the Defendant shall pay to the Plaintiff the following amount:

$____________________________

This payment (“Settlement Funds”) will paid in trust for the benefit of the Plaintiff upon the execution of this Agreement.

The Plaintiff further agrees that upon receipt by Plaintiff’s Attorney of the Settlement Funds, the Plaintiff will indemnify and defend Defendant against any liens for services that were provided to Plaintiff arising out of the injuries and claims referenced in the Civil Case. Plaintiff will release and hold Defendant and its insurers free and harmless from any liens.

Both Parties hereby agree to act in good faith and to cooperate fully with each other in carrying out this Out of Court Financial Settlement and for that purpose agree to execute all additional documents that may prove to be reasonably necessary to accomplish that intent.

If either Party fails at any time to require performance of any of the provisions of this Agreement shall not limit that Party’s right to enforce the provision, nor shall any waiver of any breach of any provision constitute a waiver of that provision itself.

If any provision of this Out of Court Financial Settlement Agreement is found to be invalid or unenforceable, all of the remaining provisions will continue to be in full force and effect.

The Parties, by their signatures below, have executed this Agreement and agree to be bound by it.

Plaintiff’s Signature: ___________________________________________________________ Date: ___/___/_____

Defendant’s Signature: ________________________________________________________ Date: ___/___/_____

Plaintiff’s Attorney: ___________________________________________________________ Date: ___/___/_____

Defendant’s Attorney: _________________________________________________________ Date: ___/___/_____