Usually means: Lawsuit filed by agreement parties.
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We found 7 dictionaries that define the word friendly suit:

General (3 matching dictionaries)
  1. friendly suit: Wiktionary
  2. Friendly suit: Wikipedia, the Free Encyclopedia
  3. Friendly Suit: Dictionary of Phrase and Fable (1898)

Business (4 matching dictionaries)
  1. friendly suit: Law.com Dictionary
  2. Everybody's Legal Dictionary (No longer online)
  3. Friendly Suit: Legal dictionary
  4. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (friendly suit)

noun:  (law) The situation where a person sues another person (friend) purely to settle a point of (unsettled) law.

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