The recent Ontario Court of Appeal decision in Kearns v. Canadian Tire Corporation, Limited., 2020 ONCA 709 is a stark reminder for employers to ensure that company representatives have complete knowledge on all of the relevant facts before entering into a settlement agreement with dismissed employees. Settlement agreements are binding contracts like any other, and a party’s unilateral mistake with respect to any terms of the agreement will not be rectified by the court unless the party can establish fraud or the equivalent of fraud.