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The phrase "agree a settlement" is correct and usable in written English.
It is typically used in legal or negotiation contexts when two parties come to a mutual agreement to resolve a dispute or issue.
Example: "After several hours of negotiation, the two companies were finally able to agree a settlement that satisfied both parties."
Alternatives: "reach a settlement" or "come to a settlement".
Exact(20)
Carneiro's lawyer served the papers this week after failing to agree a settlement with Chelsea so far.
"Were they told, 'Sit on your hands, don't fight reform, and we will agree a settlement?' " wondered Mr. Smick.
A spokesman for the BBC said: "The BBC is hopeful that it can agree a settlement with Lord McAlpine today".
It is understood that the two parties are now in talks to agree a settlement before the case reaches court.
McAlpine's solicitor, Andrew Reid, told Radio 4 he was hoping to agree a settlement with the BBC on Thursday.
If the judge rules in McAlpine's favour, there will be a hearing on the appropriate level of damages, unless the two sides agree a settlement.
Similar(40)
Last Thursday, ENRC agreed a settlement of $1.25bn with First Quantum for ownership of the mine.
He agreed a settlement yesterday with the UK magazine in the high court in London.
It also agreed a settlement with the SFO in relation to a Tanzania contract.
VW has agreed a settlement with US authorities that will see it pay up to $15bn£11.4bnbn).
On Friday the company announced that, following a mediation process, it had agreed a settlement with the unions.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com