Negotiation Skills · glossary

Full and final settlement

Words that end a claim for good. In the side letter, Polgarrow takes a £400 credit and gives up the rest of its claim to service credits for July to September 2029. Side Letter, paragraph 1 · Chapter 10 · see Side letter

Explained in Chapter 10, Heads of Terms: Client Authority and Closing the Deal, of Negotiation Skills.

How it comes up, in Chapter 10
Full and final settlement means the £400 ends the claim. Polgarrow takes it and gives up the rest of its claim for those months.
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Related terms

Where this term lives

This term is part of one fictional contract renewal, from the first letter to heads of terms, with every document attached and a test after every chapter. Open Negotiation Skills → · All terms A–Z →