Q: What contract is needed wen one partie agrees to split the money from a settlement with the other party
A: It probably depends on what kind of settlement you are talking about. There are hundreds of settlements of different sorts. Usually, there should be a written agreement, signed by both parties, stating the parties agree to split the settlement fifty-fifty. Since you are asking what happens when only party agrees to split a settlement, then it sounds like it is up to you to have a written signed agreement of the terms of the settlement.
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