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lets talk about mutual settlement and release agreement this time Im allowed both parties to settle their disputes quickly and professionally without going through this lengthy and stressful process of litigation the time allows you to drop the claims against the other party and get out of the contract however in order for this to be a valid agreement both parties need some sort of consideration you can also create a very specific release form where you can only deal with a specific dispute so for example if someone did not pay you ten thousand dollars under the contract you can create an agreement that only deals with that issue however you can also create a more general contract where not only is it going to deal with that issue but settle also the claims that my rice in the future you need to remember though that if you do create this type of agreement you might lose your ability to bring the claim into the court because this agreement is very important make sure you contact your