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SETTLEMENT AGREEMENT This Settlement Agreement (Agreement) is entered into as of the day of ___, 2024 (the Effective Date), between Ocala Trophy, Ltd., a Florida limited partnership (\"OTL\"), and
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A settlement agreement is a legally binding contract that outlines the terms and conditions agreed upon by two or more parties to resolve a dispute without going to trial.
Typically, the parties involved in the dispute who have reached a settlement are required to file the settlement agreement, often including their legal representatives if applicable.
To fill out a settlement agreement, parties should clearly state the terms of the agreement, including the specifics of the dispute, obligations of each party, and any compensation or actions to be taken, ensuring all necessary signatures are included.
The purpose of a settlement agreement is to provide a resolution to a dispute in a manner that avoids the time, expense, and uncertainty of litigation.
The settlement agreement should include the names of the parties involved, a description of the dispute, the agreed-upon terms, any monetary or non-monetary compensation, timelines for fulfillment of obligations, and signatures of all parties.
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