A two-page settlement term sheet signed by the clients at the end of a mediation session was a binding agreement even though it contemplated that the parties would thereafter enter into a formal settlement agreement and a separate stipulation for entry of judgment. The term sheet’s invoking CCP 664.6 was a sign it was intended to be a binding contract. The term sheet provided that if defendant did not pay as agreed, judgment would be entered against him for an amount $250,000 greater than the payments otherwise agreed in the term sheet. This decision affirms the trial court’s determination that this provision was a valid liquidated damages clause, not disproportionate to the $2.2 million settlement. Also, this was a non-consumer transaction thoroughly negotiated between counsel for the parties. However, the trial court erred in adding prejudgment interest to the judgment in plaintiff’s favor. On enforcing the settlement under CCP 664.6, the trial court may only enter judgment in accordance with the settlement agreement’s terms, not add to the relief provided in that agreement.