Agreed Statement: A Comprehensive Guide to Its Legal Meaning
Definition & Meaning
An agreed statement is a formal agreement between two parties involved in a lawsuit or an appeal. This document outlines the facts that both parties have mutually accepted, which can help clarify issues in court. To be valid, the agreed statement must be signed by both parties. Courts use these statements to resolve questions regarding facts that have been agreed upon, primarily in cases that involve legal interpretation.
Legal Use & context
Agreed statements are commonly used in civil litigation and appeals. They serve as a tool for parties to streamline the legal process by agreeing on certain facts, which can reduce the time and resources spent on disputes. Users can often manage the creation of an agreed statement using legal templates available through services like US Legal Forms, which are designed by experienced attorneys.
Real-world examples
Here are a couple of examples of abatement:
Example 1: In a civil lawsuit regarding a contract dispute, both parties may agree on the timeline of events leading to the disagreement. They can create an agreed statement that outlines these facts, which the court will use during the trial.
Example 2: (hypothetical example) Two neighbors involved in a property line dispute may agree on the exact boundaries of their properties and document this in an agreed statement, which can help resolve the case without further litigation.