settlement agreement

I need a settlement agreement ready. I prefer a lawyer to do this. I WILL ask for qualifications. The settlement agreement follows India's laws.


<COMPANY A> wants to enter into settlement agreement.
One of them <PERSON A> will like to exit the partnership.
The total projects cost invested is in three projects.
1. <PROPERTY 1> value approx 65 Lac
2 <PROPERTY 2> project disputed and case is filed by the partnership firm . The total recovery due is approx 30 lac but the chances of recovery is very less
Lot of police complaints are made but no results only recovery
3. <PROPERTY 3> is another project total due is 42 lac , the chances of recovery is again very low
The case is in rera
Since <PERSON 1> intends to exit hence we <PERSON 2> will repay the amount to <PERSON 1>
Based on the project status, recovery efforts, time value of money and chances of payment , following amount is decided to be paid as a ful and final settlement to <COMPANY 2> and <COMPANY 3> as full and final settlement of all dues
Thus out of total of 137 lac ,
65 lac : 32.50 recoverable hence 50 percent sharing
30 lac : recovery not possible hence no recovery
42 lac : 50 percent recovery possible hence his portion will be approx 12 lac
Total payable will be approx 45 lac to <COMPANY 2> and <COMPANY 3>

This is full and final settlement and on payment <PERSON A> shall exit from <COMPANY A>

Either party can pay 45 lacs and release the partnership.