Some Settlements are agreements between two or more parties that are legally binding. These agreements can be made for a variety of reasons, such as to resolve a dispute, to establish a business relationship, or to create a contract. The term 'PACTS' is often used to refer to these types of agreements, which can be written or verbal. PACTS are an important part of the legal system and can be used to ensure that all parties involved in a transaction are held accountable for their actions.