reach a settlement agreement meaning in English

达成和解协议

With respect to enterprises for which creditors file for bankruptcy , bankruptcy proceedings shall be suspended against those for which the superior departments in charge have applied for reorganization , and if the enterprise and the creditors have reached a settlement agreement through consultation
企业由债权人申请破产，上级主管部门申请整顿并且经企业与债权人会议达成和解协议的，中止破产程序。
If the parties reach a settlement agreement by themselves through conciliation without involvement of the arbitration commission , any of them may , based on an arbitration agreement concluded between them providing for arbitration by the arbitration commission and their settlement agreement , request the arbitration commission to appoint a sole arbitrator to render an arbitration award in accordance with the contents of the settlement agreement
当事人在仲裁委员会之外通过调解达成和解协议的，可以凭当事人达成的由仲裁委员会仲裁的仲裁协议和他们的和解协议，请求仲裁委员会指定一名独任仲裁员，按照和解协议的内容作出仲裁裁决。