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These are instructions to help prepare terms of settlement. It is not legal advice. It is important to write terms of settlement using your own details and based on your own circumstances. If you need more help, get legal advice.
There is no set form for terms of settlement. It can be handwritten or typed on a blank sheet of paper.
For an example of a terms of settlement, see Sample terms of settlement.
TERMS OF SETTLEMENT
FIONA FRAME trading as Fantastic Florists(Defendant)
LOCAL COURT FILE NUMBER: SC20xx/766
1. Judgment to be entered for the plaintiff for $3,500.
2. The defendant will pay the plaintiff the amount of $3,500 on or before 31 December 20xx.3. The defendant will not be liable to pay any additional interest if she pays $3,500 by 31 December 20xx.
You may include a term that the agreement will be kept confidential by the parties, for example:
4. The terms of this agreement are confidential.
State what agreement you have about payment of legal costs. For example:
5. Each party will pay their own costs. OR5. The defendant is to pay the plaintiff's costs.
The plaintiff and the defendant should sign and date the statement in front of a witness:
M. VishwanaMeena VishwanaDate: 24 November 20xx
Fiona FrameFiona FrameDate: 24 November 20xx
The witnesses should also sign and write their full name:
Witness: Ella MavisE. Mavis
Witness: Bob AtkinsB. A