LawAccess NSW > Representing Yourself > Debt > Resolving your dispute

Put it in writing 

It is a good idea to try to settle your dispute with the other party without having to go to court. By coming to an agreement, you will save time and money. The court process is expensive, takes up time and energy, and it can be stressful. 

If you reach an agreement with the other party, it is a good idea to put your agreement in writing. A written agreement is often called 'terms of settlement' or a 'settlement agreement'. 

There is no set form – your agreement can be handwritten or typed. The agreement should set out clearly what you have agreed with the other party. The agreement can include:

  • ​​the amount of money to be repaid​
  • how the money will be paid, for example by cheque, cash or electronic funds transfer
  • the payment of interest on the debt
  • payment by instalments and the dates the instalments are due
  • what will happen if the amount or the instalments are not paid by the agreed date.

Sample: Sample terms of settlement

AlertGet legal advice ​if you are not sure how to settle your dispute.