Settlement agreement (Cyprus)
Published byDocMuse
This document is in Greek
The PDF you download is in Greek — that is the language it has to be filed in, so it is not translated. Everything on this page is here to tell you what it says.
An agreement by which two people in Cyprus finally settle a dispute or claim, without going to court or by ending a pending action: it describes the dispute, what each side accepts, who pays whom, how much and on what schedule, and what happens if a payment is late. Once the terms are met each side releases the other from the dispute, with no admission of liability, and the terms stay confidential. It is governed by the Contract Law, Cap. 149, and since 2026 needs no stamp duty.
What you fill in
The details the document asks for.
- City
- Date
- First party
- First party's identity card or ARC number
- First party's address
- Second party
- Second party's identity card or ARC number
- Second party's address
- What the dispute is about
- Case number
- What the first party concedes
- What the second party concedes
- Which party pays the other
- Amount
- Amount in words
- IBAN
- Schedule
- Payment deadline
- Remaining claims
Preview
This document is produced for you. Your answers are typed into it and the finished PDF is yours to keep.
Common questions
- Why put a settlement agreement in Cyprus in writing and sign it?
- A settlement is a contract under the Contract Law, Cap. 149, and writing is what makes it provable: who accepts what, how much is paid and when, and which claims each side gives up. Both parties sign it, in two copies. No certification of signatures is needed, and since 1 January 2026 no stamp duty.
- What happens to a pending lawsuit when the parties in Cyprus agree a settlement?
- The agreement does not end the case by itself. The parties, usually through their lawyers, inform the court, and the case is brought to an end in the way the lawyers agree and the court approves. The agreement binds the parties to do what is needed to bring the case to an end. The agreement says each party bears its own costs.
- What if the other side in Cyprus does not pay what was agreed in a settlement?
- If a payment is late, the party owed can demand the whole balance at once by written notice, with legal interest, and claim it in the District Court on the strength of the agreement. Under the agreement, the release from the original dispute takes effect only once its terms are met. Keep proof of every payment.
How you can sign this document
- Print it and sign by hand. The signature lines in the document are left blank on purpose — sign on them in ink.
- Sign it yourself with a qualified electronic signature. If you already hold a QES — Evrotrust, B-Trust, StampIT, ZealiD or any qualified provider on the EU Trusted List, on a card, a USB token, in a mobile app or in the cloud — our signing guide explains step by step how to sign this exact file without invalidating it. Step-by-step help, and a way to check it worked
DocMuse sells documents, not legal advice. Acceptance always depends on the recipient's rules and your local law.
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