This case has been cited 1 times or more.
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2013-09-09 |
BERSAMIN, J. |
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| A compromise agreement is a contract, whereby the parties undertake reciprocal obligations to avoid litigation, or put an end to one already commenced.[31] The client may enter into a compromise agreement with the adverse party to terminate the litigation before a judgment is rendered therein.[32] If the compromise agreement is found to be in order and not contrary to law, morals, good customs and public policy, its judicial approval is in order.[33] A compromise agreement, once approved by final order of the court, has the force of res judicata between the parties and will not be disturbed except for vices of consent or forgery.[34] | |||||