A homebuilder sought summary judgment enforcing minutes of settlement resolving a dispute over construction deficiencies and a $200,000 holdback on a luxury home contract.
The homeowners argued the settlement was unenforceable due to absence of executed releases, alleged duress, nondisclosure of a thermal imaging report identifying further deficiencies, and incomplete performance of settlement obligations.
The court held that settlement agreements are contracts requiring mutual intention and agreement on essential terms, and found the signed minutes constituted a complete and binding agreement.
The failure to exchange releases did not amount to repudiation because the obligation was mutual and both parties continued acting in accordance with the settlement.
Allegations of duress and nondisclosure were rejected on the evidence.
Summary judgment enforcing the settlement was granted.