Settle a dispute, a defaulted debt, or a claim the clean way. PaperKit drafts a proper Settlement & Release Agreement: two parties resolve their differences, a paying party pays a settlement amount, and — in exchange — the parties exchange releases of claims, with no admission of liability. Pick how it's paid: a lump sum by a date, an installment schedule (PaperKit computes the per-payment amount, folds any rounding into the final payment, totals it, and adds a Payment Schedule & Acceleration section so the whole balance comes due on a missed payment), or a mutual walk-away where no money changes hands and each side simply releases the other. Choose the release scope: a general release of all claims known & unknown (with a §1542-style waiver of unknown claims), a claim-specific release limited to the described dispute, or a mutual release. Add confidentiality & non-disparagement and a no-admission clause. Hosted online for the releasing party to review & e-sign. Clean PDF.
The big lever — it decides the payment mechanic, which sections appear, and the schedule math.
Lump sum: one settlement payment by a stated date. The simplest structure — the release becomes effective once the claimant receives the payment in full.
Drives the release language — how broad the release is and whether both sides give one.
General release: releases ALL claims, known and unknown, with a §1542-style waiver of unknown claims. The broadest, most protective release.
What the parties are resolving — plus, optionally, the note, loan, invoice or claim it relates to.
A real, section-by-section settlement & release. The settlement-type choice drives the payment mechanic and its math; the release-scope choice drives which claims are released. Publish to get a hosted link the releasing party can e-accept online.
$9/mo — remove the DRAFT watermark + “Made with PaperKit” badge, unlimited clean-PDF settlement & release agreements, and Pro across every tool.
A settlement & release is a template for convenience, not legal advice. A release permanently gives up legal rights; enforceability, scope and any required court approval are governed by applicable state law. PaperKit is not a law firm. Review the agreement and consult a qualified attorney.