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settlement agreement nlo
blog 6 Aug 2019

"What is a settlement agreement?"

In this rubric, the basics regarding Intellectual Property will be explained. #YouAskWeAnswer. We will now discuss agreements, our final subject.

Our advice

If you unexpectedly find yourself in a (legal) conflict, it is usually best to reach a settlement rather than instigate proceedings. Of course, in some cases starting legal proceedings cannot be avoided, but a settlement is usually preferable.

The procedure

NLO Shieldmark will advise and assist you throughout the procedure, which may entail preparing a settlement agreement if a settlement is reached. Or if the other party has already drawn up a draft agreement, then you need to have it examined carefully. Settlement agreements should include the following:

  • What a party may and may not do.
  • What a party must and must not do.