An agreed statement is a document in which parties involved in a legal dispute or negotiation outline facts, issues, or points of agreement that are not in dispute. It serves as a concise summary of the areas on which the parties have reached consensus, helping to streamline legal proceedings and focus on the remaining areas of contention. Agreed statements are commonly used in various legal contexts, including litigation, arbitration, and settlement negotiations, to clarify the scope of the dispute and facilitate resolution. By identifying agreed-upon facts or issues, parties can expedite the resolution process, reduce costs, and potentially avoid protracted litigation. Agreed statements are typically drafted collaboratively by the parties or their legal representatives and may be submitted to the court or tribunal overseeing the case for consideration and approval.
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This glossary post was last updated: 29th March, 2024.
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