The applicants moved to enforce a settlement agreement negotiated between counsel to resolve an arbitration over a franchise dispute.
Although counsel agreed on the essential terms and exchanged a draft settlement agreement, the respondents ultimately failed to sign it and subsequently became self-represented.
The court held that a binding settlement was reached via email correspondence between counsel because all essential terms had been agreed upon, and a formal signed document was not required to make the settlement enforceable.
The applicants were granted judgment in the amount of $200,000.
