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[1] A consent decree is a negotiated agreement entered as a court order that is enforceable by the court. A settlement agreement is an out-of-court resolution that requires a signed agreement, or memorandum of understanding, and performance by the defendant.
It is similar to and sometimes referred to as an antitrust decree, stipulated judgment, or consent judgment. Consent decrees are frequently used by federal courts to ensure that businesses and industries adhere to regulatory laws in areas such as antitrust law, employment discrimination, and environmental regulation.
Also, the credit reporting agencies will keep that judgment on your credit report. Whether it is a default judgment, a judgment after a trial, or a consent judgment they are all reported as judgments.
Unlike a default judgment, a consent judgment is something that a defendant agrees to, rather than something the court issues against the defendant. It differs from judgments handed down by a judge or rendered by a jury. A consent judgment is often used when someone has been sued for a debt but is unable to pay.
A consent decree is an order by a judge that is based on an agreement signed by the two parties. It's a way to come to an agreement that has the force of legal approval instead of having a lengthy and costly trial. The parties also don't have to deal with the uncertainty of the outcome of a trial.
The Consent Decree will last a minimum of five years during which the Department must demonstrate substantial compliance with the Decree's provisions.
A consent decree is an agreement or settlement that resolves a dispute between two parties without admission of guilt (in a criminal case) or liability (in a civil case), and most often refers to such a type of settlement in the United States.
A consent decree is an order by a judge that is based on an agreement signed by the two parties. Consent decrees are binding on both parties because they agreed to it. The decree can't be appealed unless there was fraud (lying) by one party, a mutual mistake, or if the court doesn't have jurisdiction over the case.
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