Oscar-winning actress was sued by Swiss watchmaker Raymond Weil

Charlize Theron will have less to worry about on the accessorizing front soon.

The Oscar winner settled a $20 million breach of contract lawsuit Monday that was filed against her for allegedly wearing the wrong watch, reports People.

In court papers filed in February 2007, Swiss watchmaker Raymond Weil claims that the actress signed an endorsement deal to only wear Weil timepieces from October 2005 through December 2006. At a March 2006 press conference in Texas, however, Theron was photographed wearing a watch in the Christian Dior line.

Theron, 33, was reportedly paid "substantial funds" to wear the Weil timepieces exclusively during that time period.

The terms of the settlement agreement, which was filed in Manhattan Federal Court, need to be met and completed within 30 days. No other details were released.

Theron won an Oscar for her portayal of a serial killer in 2003's "Monster." She recently starred opposite Will Smith in " Hancock."