This case has been cited 1 times or more.
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2005-01-17 |
CHICO-NAZARIO, J. |
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| The clause agreed to by the parties in the Joint Motion to Dismiss filed before the NLRC was in the nature of a compromise agreement, i.e., "an agreement between two or more persons, who for preventing or putting an end to a lawsuit, adjust their difficulties by mutual consent in the manner which they agree on, and which everyone of them prefers to the hope of gaining, balanced by the danger of losing."[36] Settlement of disputes by way of compromise, is an accepted, nay desirable and encouraged practice in courts of law and administrative tribunals.[37] Generally favored in law, such agreement is a bilateral act or transaction that is binding on the contracting parties and is expressly acknowledged by the Civil Code as a juridical agreement between them. | |||||