Voluntary Compromise Clause Samples
A Voluntary Compromise clause allows the parties to a contract or dispute to mutually agree to settle their differences without proceeding to a formal judgment or arbitration. This clause typically outlines the process by which both sides can negotiate and reach a settlement, often specifying that any agreement reached is binding and may include terms such as payment, release of claims, or other concessions. Its core practical function is to provide a structured mechanism for resolving disputes amicably, saving time and costs associated with litigation, and offering flexibility in crafting mutually acceptable solutions.
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Voluntary Compromise. The Parties to this Compromise acknowledge and agree that each of them is entering into this Compromise freely and voluntarily and not acting under any misapprehension as to the effect hereof, and has acted and does hereby act freely and voluntarily and not under any coercion or duress.
Voluntary Compromise. 14 This Agreement is the result of a voluntary compromise settlement reached among 15 the Parties. Accordingly, no provision of this Agreement or its adoption as part of any 16 General Stream Adjudication shall be construed as altering or affecting the determination 17 of any issues relating to any other reserved water rights claims that may belong to other 18 Indian tribes within or outside of Utah.