Sample terms of settlement - goods
This is an example of a terms of settlement for a recovery of goods claim. It is important to write your terms of settlement using your own details and based on your own circumstances. If you need more help, get legal advice. Do not try to file this sample.
Case study - Natalie's furniture
Natalie went to Queensland for a six-month work contract. She could not take all her furniture and whitegoods with her. She asked her friend, Rachel, if she could leave her bed, couch, dining table, chairs, washing machine and fridge with her until she returned back to Sydney.
When Natalie returned to Sydney, Rachel told her she was not going to give the furniture back. Natalie is concerned that some of the goods may have been sold while she was away. Natalie wants her goods back.
TERMS OF SETTLEMENT
BETWEEN
Natalie Saad ('Natalie')
AND
Rachel Smith ('Rachel')
Rachel agrees to return the whitegoods including the washing machine and the fridge ("the goods") to Natalie, as well as $300 cash (the 'money') as a full and final settlement of this claim.
Rachel is to return the goods and pay the money by 6pm on Saturday 23 March 20xx at the Applicant's home at Unit 1, 22 Example Street, Penrith NSW.
If Rachel returns the goods and money by the agreed date, Natalie agrees that no further claims will be made against Rachel in relation to this matter.
If Rachel fails to return the goods and money to Natalie by the agreed date, Natalie reserves the right to start action to recover the goods and money.
The terms of this agreement are confidential.
The parties have read and understood the terms of settlement and agree to these terms.
| Natalie S | R.Smith | | Natalie Saad | Rachel Smith | | Date: 18 March 20xx | Date: 18 March 20xx | | Witness: Ella Mavis | Witness: Bob Atkins | | E. Mavis | Bob A. |
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