Settlement agreement — resolve disputes fast
End a dispute quickly, without court and without costs.
Out-of-court settlement is on average 8× cheaper than litigation
The average length of a commercial dispute in Slovak courts is 3.5 years
92 % of settlement agreements are adhered to without further enforcement
A settlement agreement defines the terms for resolving a commercial or employment dispute — without court proceedings. AI drafts the mutual obligations, waiver of claims and confidentiality of terms.
Legal context
A settlement agreement is a contract under § 585 of the Slovak Civil Code (transaction/settlement). It allows parties to resolve disputed or uncertain claims. After signing, parties lose the right to pursue the original claims in court.
Civil Code § 585 — settlement/transaction; parties waive the right to pursue original claims
Legal basis & glossaryWhen to use a Settlement agreement
- In a commercial dispute between companies without court proceedings
- After terminating employment where employee claims are a risk
- When resolving a complaint quickly and discreetly
- Before a planned transaction where a dispute is pending
What you get
- Waiver of future claims
- Confidentiality of terms
- Compensation and payment
- Immediate binding effect
From idea to signature
Waiver of future claims
Confidentiality of terms
Compensation and payment
Frequently asked questions about Settlement agreement
Glossary
Key terms in e-signature and contract law — with links to definitions.
Typical roles
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Role-specific guides
Related agreements
Documents commonly used alongside a Settlement agreement.
Other document types
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