This Compromise and Settlement Agreement is entered into by and between ________ b. The applicant will execute a request for revocation, dismiss the pending appeal with prejudice and forward it to the defendant [in the event of execution of this agreement or as the case may be]. PandaTip: Compromise Agreement is the name used in the European Union for severance or separation agreements in the United States. There is a legal and regulatory framework that governs these agreements, so it is essential to contact a lawyer to ensure that you provide the appropriate legal guidance. You can also use our free settlement term sheet template to dictate separation rules in advance. This compromise agreement constitutes a binding agreement immediately after the signature of the above-mentioned employers, workers and advisers. d. The parties intend that this agreement be a legal “compromise agreement” between the parties, any agreement should be adapted to the facts and circumstances of the case. . . .