Executive producer Christopher Lloyd said the lawsuit wouldn't have interfered with production but it is "great to have that not hanging over our head." He said there would be no ill will on the set because the situation was resolved quickly and the show has a "charmed setup."
"Modern Family," a popular comedy that airs on ABC, has won Emmy Awards for outstanding Comedy Series the past two years. Several of the stars, including Burrell, Bowen and Stonestreet have won individual Emmys for their work on the show.
The show was recently nominated for 14 Emmy Awards, the most of any sitcom.
The lawsuit, which claimed the actors' contracts were illegal because they bound them to the show for more than seven years, will be dropped. Exact terms of the deal were not released.