Hello hello!
I have searched the forums, your release notes, the FAQs and the readme.txt but I can’t find specific instructions on updating from 3.1 to 3.2.
Do I simply upload the new version 3.2 and it will replace 3.1 AND keep any settings I had created?
Your FAQ states:
How do I update Events Calendar PRO when a new version comes out?
Once you have Events Calendar PRO installed, you can update directly from the WordPres admin whenever we release a new version.
If an update is available for either The Events Calendar or Events Calendar PRO, you’ll be prompted on the plugins page to apply that update. You can also check your WordPress Updates page. Note that you will only be prompted to update Events Calendar PRO if you have a valid license entered under Events –> Settings –> License Keys. If your license has expired, you’ll want to head over to tri.be and renew it to regain update privileges.