This agreement is between a potential defendant and the executor or administrator of the estate of decedent. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Maryland Settlement Agreement and Release in Wrongful Death Suit Prior to Filing of Suit refers to a legally binding document that resolves a wrongful death claim in Maryland before a lawsuit is filed. This agreement is entered into between the parties involved, typically the plaintiff's beneficiaries and the defendant, who may be an individual, a company, or a government entity. The settlement agreement aims to provide compensation to the deceased's loved ones for the losses they have suffered due to the wrongful death, while also resolving any potential disputes amicably and avoiding lengthy court proceedings. Different types of Maryland Settlement Agreement and Release in Wrongful Death Suit Prior to Filing of Suit may include: 1. Lump Sum Agreement: This type of settlement agreement involves a one-time payment of a predetermined sum of money to the plaintiff's beneficiaries. The amount is usually negotiated between the parties based on various factors, such as the deceased's earning potential, age, and the financial impact on the surviving family members. 2. Structured Settlement: In some cases, the settlement amount may be structured to provide a series of periodic payments instead of a lump sum. This allows for long-term financial security, as the payments may be made over a specified period or for the lifetime of the beneficiaries. 3. Annuitized Settlement: Similar to a structured settlement, an annuitized settlement involves purchasing an annuity contract from an insurance company. The annuity payments serve as a source of income for the beneficiaries and may be received as regular installments. 4. Confidential Agreement: In certain instances, the parties may agree to keep the terms and details of the settlement agreement confidential. This type of agreement ensures that the specifics of the settlement, including the amount paid, remain undisclosed to the public and potentially to other beneficiaries in similar cases. A Maryland Settlement Agreement and Release in Wrongful Death Suit Prior to Filing of Suit typically includes provisions such as the release of all claims against the defendant, mutual non-disparagement clauses, confidentiality agreements, and indemnification clauses. It is important for both parties to carefully review and understand the terms of the agreement before signing, as it is a legally binding contract that finalizes the resolution of the wrongful death claim.
