Illinois Compiled Statutes 5 ILCS 140/2.20 – Settlement and severance agreements
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Terms Used In Illinois Compiled Statutes 5 ILCS 140/2.20
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
All settlement and severance agreements entered into by or on behalf of a public body are public records subject to inspection and copying by the public, provided that information exempt from disclosure under Section 7 of this Act may be redacted.