Settlement Agreement
Settlements are a commonplace event in workers' compensation claims. The settlement will be presented to the administrative tribunal and will be in writing.
Making sure all of the specifics are included and accurate will prevent misunderstandings between the parties and will allow the magistrate to make an informed decision.
As a paralegal, ask yourself the following questions:
What should be included in a standard settlement agreement?
Who should write a settlement agreement, the plaintiff or the defendant? Why?
You participate, with your supervising attorney, in a settlement conference on behalf of your client, an 80-year-old man.
He has been awarded 500 weeks of compensation at $400 per week. He wants to settle the claim for a lump sum instead of the periodic payment.
Draft a valid and enforceable settlement agreement, under the supervision of your attorney, outlining your client's withdrawal of his claim in exchange for a lump sum payment of $100,000.