Genesis 21:30

“And he said, For these seven ewe lambs shalt thou take of my hand, that they may be a witness unto me, that I have digged this well.”

KJV

Meaning

The gift gives public witness to Abraham's assertion that he was responsible for digging the disputed well.

This local settlement does not automatically establish principles for modern property disputes beyond the broad value of evidence and agreement.

Documenting or witnessing a settlement can protect peace by making the basis of the agreement clearer to both sides.