SETTLEMENT AGREEMENT

The parties hereto agree that this lawsuit and all related claims and controversies between them are hereby settled in accordance with the following terms of this Settlement Agreement.
  1. The parties acknowledge that bona fide disputes and controversies exist between them, both as to liability and the amount thereof, if any, and by reason of such disputes and controversies they desire to compromise and settle all claims and causes of action of any kind whatsoever which the parties have or may have arising out of the transaction of occurrence which is the subject of this litigation. It is further understood and agreed that this is a compromise of a disputed claim, and nothing contained herein shall be construed as an admission of liability by any party, all such liability being expressly denied.

  2. Each signatory hereto hereby warrants and represents that:
    1. such person has authority to bind the party or parties for whom such person acts.
    2. The claims, suits, rights, and/or interests which are the subject matter hereto are owned by the party asserting same, have not been assigned, transferred or sold, and are free of any encumbrance.

  3. The parties will execute and file an Agreed Order dismissing all claims in the above-styled and numbered case with prejudice. Each party will bear its own costs.

  4. _______________________________________ agrees to pay ________________________
    ______________________________ the sum of ___________________________________
    dollars ($ _________________) on or before ______________________________________


  5. ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________



_____. 

Except for the agreements set forth herein, the parties hereby agree to release, discharge and forever hold the other harmless from any and all claims, demand, or suits, known or unknown, fixed or contingent, liquidated or unliquidated, whether or not asserted in the above case, as of this date, arising from or related to the events and transactions which are the subject matter of this cause. This mutual release runs to the benefit of all attorneys, agents, employees, officers, directors, shareholders, partners, heirs, assigns, and legal representatives of the parties hereto.

_____. 

Counsel for _________________________ shall deliver drafts of any further documents to be executed in connection with this settlement to counsel for the other parties hereto within 14 days from the date hereof. The parties and their counsel agree to cooperate with each other in the drafting and execution of such additional documents as are reasonable requested or required to implement the provisions and spirit of this Settlement Agreement. Not withstanding such additional documents, the parties confirm that this is a written Settlement Agreement as contemplated by Section 154.071 of the Texas Civil Practice and Remedies Code, is a complete valid and binding contract, is intended to be an enforceable agreement as contemplated by Rule 11, Texas Rules of Civil Procedure, and may be used as the basis for a Motion For Judgment, Motion For Summary Judgment, or Notice to Enforce with each party waiving all rights to a jury trial.

_____. THIS SETTLEMENT AGREEMENT IS NOT SUBJECT TO REVOCIATION.


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This Settlement Agreement is made and performable in Dallas County, Texas, and shall be construed in accordance with the laws of the State of Texas.

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If one or more disputes arise with regard to the interpretation and/or performance of this Agreement or any of its provisions, the parties agree to attempt to resolve same with Linda Byars Swindling, the Mediator, who facilitated this settlement. If litigation is brought to construe or enforce this Agreement, the prevailing party shall be entitled to recover attorney’s fees, as well as court costs and expenses, including the cost of the mediation.

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Although the mediator has provided a basic outline of this Settlement Agreement to the parties’ counsel as a courtesy to facilitate the final resolution of this dispute, the parties and their counsel as a courtesy to facilitate the final resolution of this dispute, the parties and their counsel have thoroughly reviewed such outline and have, where necessary, modified it to conform to the requirements of their agreement. All signatories to this Settlement Agreement hereby release the Mediator from any and all responsibility arising from the drafting of this Settlement agreement, and by signing this Settlement Agreement acknowledge that they, or their attorneys, have been advised by the mediator in writing that this Settlement Agree should be independently reviewed by counsel before executing this Agreement.



Agreed, this ___________ day of _______________________, 200_.


______________________________________  ____________________________________
PLAINTIFF(S)  DEFENDANT(S)
 
___________________________________  ____________________________________
PLAINTIFF(S)  DEFENDANT(S)


APPROVED AS TO FORM:

______________________________________  ____________________________________
ATTORNEY FOR PLAINTIFF(S)   ATTORNEY FOR DEFENDANT(S)
 
______________________________________  ____________________________________
ATTORNEY FOR PLAINTIFF(S)   ATTORNEY FOR DEFENDANT(S)