Stipulation of Dismissal (Federal)

A Stipulation of Dismissal (Federal) is a legal template that outlines an agreement between two parties involved in a federal lawsuit to voluntarily dismiss the case. This document is commonly used when the parties have reached a settlement, resolved their disputes, or mutually agreed to end the litigation process.

The stipulation typically includes the names of the parties involved, the case number, and a brief background of the lawsuit. It states that both parties agree to dismiss the case without prejudice, meaning that the claims can be refiled in the future if necessary. The stipulation also outlines any terms or conditions agreed upon by the parties.

Furthermore, the document usually includes a section where the parties declare that they have carefully considered the consequences of dismissal and acknowledge that it is a final resolution to the lawsuit. It may also include a provision specifying that each party will bear their own attorney fees and costs.

After both parties have signed the stipulation, it is typically filed with the court for the judge's approval. Once the judge approves the stipulation, the case is officially dismissed, ending the litigation process.

It is important to note that this template is specifically designed for cases in the federal court system. Different jurisdictions may have their own specific requirements and processes for dismissing lawsuits, so it is advisable to consult with an attorney or legal professional familiar with the relevant jurisdiction before utilizing this template.