An ex-parte motion for extension to submit compromise agreement, whether formal or informal, is a legal document that requests the court to grant more time for parties involved in a dispute to submit a compromise agreement for consideration and approval.

In the legal world, a compromise agreement is a written document that serves as a settlement between two or more parties involved in litigation, where they agree to settle their disputes by making certain concessions or compromises. This agreement can either be formal or informal, depending on the circumstances surrounding the case. A formal compromise agreement is usually drafted by attorneys and signed by all parties involved, while an informal compromise agreement can be reached by the parties without any legal assistance.

When parties involved in a legal dispute agree to settle their differences through a compromise agreement, it is important that the agreement is submitted to the court for approval. This is because the court needs to ensure that the agreement is fair and equitable to all parties involved, and also that it complies with the law. The court will also ensure that the agreement is not contrary to public policy or illegal, that the parties entered into the agreement voluntarily, and that they understood the implications of the agreement.

An ex-parte motion for an extension to submit a compromise agreement can be filed by one party without the other party`s knowledge or consent. This is usually done when the party requesting the extension believes that they need more time to finalize the agreement and submit it to the court. The court will consider the reasons given for the extension request and may grant or deny it based on the facts presented.

However, it`s important to note that an ex-parte motion should only be used in exceptional circumstances, as it can be seen as a breach of due process and fairness. It is always best to communicate with the other party and seek their consent before filing an ex-parte motion.

In conclusion, an ex-parte motion for extension to submit a compromise agreement, whether formal or informal, is an important legal instrument that can help parties involved in a legal dispute to settle their differences amicably. However, it`s important to remember that it should only be used in exceptional circumstances, and that communication and consent from the other party is always recommended.