Ordered that the order is reversed insofar as appealed from, on the law, without costs or disbursements, and the following language is deleted from the decretal paragraph of the order: "the departed partner payment account, and the balance held back as hold-back payments".
A court should construe a stipulation in accordance with the intent of the parties and the purpose of the stipulation by examining the record as a whole ( see, Carnicelli v Carnicelli, 205 AD2d 726, 728). However, a court should not, under the guise of interpretation, make a new contract for the parties ( see, Iocabacci v McAleavey, 222 AD2d 406). In the instant case, an objective reading of the stipulation of settlement reveals that the parties agreed that only monies in the "capital account" were to be equally divided. Accordingly, the Supreme Court erred in interpreting the parties `stipulation and improperly determined that the plaintiff was entitled to onehalf the money in the departed partner payment account and the balance held back as hold-back payments, neither of which was mentioned in the stipulation.