A settlement agreement is a legally binding agreement between two parties to settle a dispute or claim outside of court. There are several synonyms for this term that can be used interchangeably in legal documents, such as a settlement, compromise agreement, resolution agreement, or release and settlement agreement. These agreements typically outline the terms of the settlement, such as the amount of money to be paid by one party to the other, release of any claims or liabilities, and an agreement to keep the terms of the settlement confidential. No matter the terminology used, it is important to have a comprehensive and legal settlement agreement that is agreed upon by all parties involved.