Settlement agreement template (Settlement payment)
Resolve a dispute with a payment and confirm neither side owes anything further.
Free to read, no sign-up needed
Settlement Agreement (template)
Fill in the “◯” blanks. Party A and Party B are the parties (real names and addresses go in the signature block). This is a general example, not legal advice.
Party A and Party B finally resolve the dispute described below (the "Matter") on the terms of this agreement. The Matter: ◯ Article 1 (Settlement money) Party B acknowledges owing Party A $◯ as settlement money for the Matter. Article 2 (Payment) Party B shall pay the settlement money by ◯ (date), by transfer to the bank account designated below by Party A. Transfer fees are borne by Party B. Account: ◯ Bank, ◯ Branch, ordinary account No. ◯ (holder: ◯) Article 3 (If payment is missed) If Party B fails to pay, Party B shall pay late-payment damages at ◯% per year, from the day after the due date until payment is complete. Article 4 (Full and final settlement) Party A and Party B confirm that, except as set out in this agreement, neither owes the other any obligation in connection with the Matter. Article 5 (No disclosure) Party A and Party B shall not disclose the Matter or the contents of this agreement to any third party without legitimate reason.
Create an agreement from this template
The creation screen opens with this template filled in. Every party verifies their identity by SMS or photo ID and signs, and the finalized agreement is kept.
Why keep it in Twosure instead of on paper or in a note
- Every party verifies their identity (SMS or photo ID) before signing, so it is harder to claim “I didn’t sign that”.
- Once finalized, it cannot be changed through the app. Share the verification link and a third party can check the content too.
- You don’t have to meet in person: it takes about 5 minutes on a phone.