Settlement agreement

Settlement agreement, which is discussed herein in terms of substantive law, is a legal transaction in which individuals, by making mutual sacrifices, reveal their will to achieve legal peace by overcoming conflict or uncertainty arising from an existing legal relationship between them. Settlement agreement also finds an application area in civil procedure with the appearance of in-court settlement and is classified among the proceedings of parties terminating the case. The settlement agreement, which is formed on the basis of the principle of communication between parties through legal negotiation and freedom of contract, reduces the workload of courts and ensures the economic use of time and resources, both at individual and social level. In addition, settlement of disputes through settlement agreement allows creative and up-to-date legal solutions in line with the dynamics of business interactions and stands out as a legal remedy that facilitates civilised and confidential settlement of disputes.