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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:
Sample: Sample terms of settlement
Get legal advice if you are not sure how to settle your dispute.