What is a non-judicial settlement agreement?
A non-judicial settlement agreement is an agreement made between two parties outside of court in order to settle a dispute. In the state of Arkansas, this type of agreement is specifically used for inheritance law in which the parties involved agree to settle their differences without going to trial. This type of agreement can be used to dispose of an inheritance in a manner that is satisfactory to all involved. In a non-judicial settlement agreement, the parties agree to the specific terms of the settlement, such as how the property or money will be distributed, in order to avoid a costly court battle. This type of agreement is voluntary and should be documented in writing by a lawyer in order to ensure both parties understand the conditions of the agreement. If either party does not agree to the terms of the agreement, they can choose to take the dispute to trial instead.
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