The parties' agreement resolves Taymor's claims against 8 Legged Productions for her work on the book of the musical, with respect to both the current New York production and subsequent productions.
All claims among the parties in the litigation have been resolved, but the terms of the settlement were not disclosed.
"We're happy to put all this behind us," Michael Cohl and Jeremiah Harris of 8 Legged Productions said in a joint statement. "We are now looking forward to spreading 'Spider-Man Turn Off the Dark' in new and exciting ways around the world."
"I'm pleased to have reached an agreement and hope for the continued success of Spider-Man, both on Broadway and beyond," Taymor said.
"I am very glad the parties have put the claims behind them. I look forward to seeing fruitful work from all those involved," said Berger, Taymor's former co-writer on the show.
Taymor was the original "Spider-Man" director and co-writer but was fired in March 2011 following delays, accidents and poor initial reviews. The show was revamped and has since become a blockbuster on Broadway.
Taymor alleged in her lawsuit she was the victim of a conspiracy to unfairly force her out of the production, which features music from U2's Bono and The Edge.
The show's producers dismissed Taymor's allegations as baseless in a counterclaim.