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Settlement And Release Agreement : Settlement

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SETTLEMENT AND RELEASE AGREEMENT This Settlement and Release Agreement is made and entered into by and between YVONNE A. WOODY (Formerly YVONNE A. ZANDERS) and ROLAND WOODY, CO-PERSONAL REPRESENTATIVES OF THE ESTATE OF R.Z., on the one hand, and the STATE FARM FIRE AND CASUALTY COMPANY, and ROBEL KINFE, on the other hand. I. DEFINITIONS 1. “Agreement” means this Settlement and Release Agreement including its Definitions, Recitals, Undertakings, Representations and Warranties, and Terms and Conditions. 2. “Plaintiffs” mean YVONNE A. WOODY, ROLAND WOODY, THE ESTATE OF R.Z., and all of their, agents, representatives, employees, attorneys, affiliates, predecessors, successors, heirs, and assigns. 3. “Defendant” means ROBEL KINFE, and …show more content…

II. RECITALS WHEREAS, in the Suit, Plaintiffs seek to recover certain claimed losses and damages alleged to have arisen out of the Plaintiffs’ occupation of a rental apartment unit owned by Defendant (hereinafter, “the Event”); WHEREAS, a dispute currently exists between the Parties as to liability, if any, and the amount of recovery, if any, to which the Plaintiffs are entitled in the Suit; WHEREAS, the Parties wish to resolve forever all Claims that have been made, or could have been made in the Suit without resort to further legal proceedings; WHEREAS, the Parties have concluded that this Agreement is a fair, reasonable and adequate resolution of all Claims that have been made, or could have been made in the Suit; and NOW THEREFORE, in consideration of the promises contained herein, intending to be legally bound hereby, the Parties agree as follows: III. UNDERTAKINGS 1. The STATE FARM FIRE AND CASSUALTY COMPANY hereby

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