Our Personal Injury Law Firm Dispels a Few Myths About Settlement Agreements
Settlement Agreements
Though settlements are common, many individuals don’t fully understand what to expect. Television and movies portray settlement negotiations in lawsuits as the two sides to a dispute sitting across a long conference table from each other and demanding concessions from one another. Not only is this not the way your settlement conference is likely to proceed, you may also believe one or more of the following myths:
- Every case will settle. While many personal injury cases will be resolved through a settlement, not every case will or must reach a settlement. In order for a case to settle rather than proceed to trial, both parties need to be amendable to reaching a settlement agreement and must agree on the terms of such a settlement.
- There is only one “settlement conference.” Reaching a settlement is likely to occur as a result of numerous formal and informal conferences and meetings between the parties. It is not uncommon at all for the first few “settlement conferences” to conclude without a settlement agreement in place.
- An insurer or at-fault party wants to be fair. Some settlement conferences are not acrimonious, and you may think that the other party is interested in your well-being. This is rarely the case – in settlement negotiations, know that the other party looking after his or her own interests first and foremost.
Whether through settlement agreements or through trial, Parker Waichman LLP, endeavor to help personal injury victims receive the greatest amount of compensation possible for the harm they suffer.
CONTACT PARKER WAICHMAN LLP FOR A FREE CASE REVIEW
Did you or a loved one sustain harm in a collision? Parker Waichman LLP helps those who have suffered injuries or the loss of a loved one due to another’s negligence receive full monetary compensation. Trust your case with our personal injury lawsuit lawyers. For a free consultation, contact our law firm today by using our live chat or calling 1-800-YOUR-LAWYER (1-800-968-7529).
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