The defendants moved to enforce a settlement agreement, arguing that a binding agreement had been reached on January 16, 2018, for $120,000, inclusive of interest and legal fees, payable in monthly installments.
The plaintiff, Worldwide Security Ltd., opposed, attempting to add a term for 5% annual interest on the declining balance.
The court found that a binding agreement was reached prior to the plaintiff's proposed amendment, with no further terms to be negotiated.
The defendants' motion to enforce the settlement was granted, and the plaintiff's summary judgment motion and claims against two individual defendants were dismissed.
Costs were awarded to the defendants.
