Stipulations of settlement are favored by the courts and they are not lightly set aside, especially where the parties are represented by counsel. The stipulation is a contract which is enforceable according to its terms. As with any contract, its construction should give fair meaning to all of the language used by the parties, in order to reach a practical interpretation of the parties' expressions, so that their reasonable expectations will be realized.
Matter of Varone Irrevocable Trust, NY Slip Op 03596 (2d Dep't June 9, 2021)
