This article was co-authored by Jennifer Mueller, JD. Jennifer Mueller is an in-house legal expert at wikiHow. Jennifer reviews, fact-checks, and evaluates wikiHow's legal content to ensure thoroughness and accuracy. She received her JD from Indiana University Maurer School of Law in 2006.
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A settlement agreement is a legally binding contract meant to resolve a dispute between yourself and another party so you do not have to go through the judicial process (or extend the judicial process if you are already in court). Settlement agreements are powerful documents so you should be careful to draft and execute them with precision and care. In order to create an effective settlement agreement, you will have to understand your state's contract law, contemplate the contract, write the contract, then execute the contract. Follow the steps in this article and adapt where necessary in order to create the best settlement agreement possible.