1. A legally binding agreement between parties to resolve a dispute, typically involving payment or other consideration in exchange for dropping claims or litigation
The two companies reached a settlement agreement to end the patent dispute without going to trial.
As duas empresas chegaram a um acordo de transação para encerrar a disputa de patentes sem ir a julgamento.
2. In family law, an agreement between spouses regarding division of assets, custody, and support obligations
The couple signed a settlement agreement that outlined child support and property division.
O casal assinou um acordo de transação que delineava pensão alimentícia e divisão de bens.
3. A formal document that resolves a claim or dispute out of court
The settlement agreement was reviewed by both parties' attorneys before signing.
O acordo de transação foi revisado pelos advogados de ambas as partes antes da assinatura.