What is a settlement agreement?

A settlement agreement is a legally binding document that is used to resolve disputes between two parties, such as a person who has been injured in an accident and the person at fault for the accident. When a settlement agreement is reached, the parties agree to end the dispute and accept a specific amount of money in exchange for the party releasing their claims. This amount is often less than the amount the injured party would receive if they were to sue in court. The settlement agreement will also include any other conditions that both parties have agreed upon. In the state of Washington, settlement agreements are typically developed with the assistance of an attorney who specializes in accident law. Once all of the parties have signed off on the agreement, it is binding and can only be overturned in court by a judge.

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What is a settlement agreement?

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