Entries tagged with “Stipulation of Settlement”

Settlement Agreement Ambiguities Result in More Litigation

The Appellate Division in Walker v. Walker provides us with yet another lesson on the importance of carefully drafting martial agreements. In Walker, the parties, in an oral stipulation of settlement, agreed to divide a 75 acre property. The stipulation specifically provided that defendant "would be entitled to one-half or 37½; acres off the westerly side of that parcel of 75 acres (emphasis added)."  Not surprisingly, the parties then had a dispute about how the property was to be actually divided. On appeal, the Court found that the stipulation was ambiguous, because there is no mechanism by which to determine... More
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