What Should You Know Before Negotiating a Settlement Agreement?

When it comes to negotiating a settlement agreement, there are a few key points to keep in mind to ensure that your rights are safeguarded. The creditor must reduce the total amount of the debt, provide you with a monthly payment that is manageable in the long run, and waive interest, fees, and court costs. It is also essential to include the mutual assets of all parties in the agreement. This means that there should be no pending disputes or counterclaims on the proposed agreement.

To gain more insight into mutual assent, take a look at this article written by Robert, an experienced corporate lawyer licensed to practice law in NY and DC. Robert has over 25 years of experience in venture capital, private equity, M&A, general business law, and company formation. He brings his business acumen to all legal transactions, allowing clients to configure their legal needs around their business objectives for successful and efficient results.

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