This form is used to set forth the terms and conditions stipulated to in order for parties to compromise for settlement on a claim brought under the Federal Tort Claims Act. This form is used pursuant to pursuant to 28 U.S.C. Section 2677.
Wisconsin Stipulation for Compromise Settlement Pursuant to 28 U.S.C. Section 2677 is a legal document that outlines the terms and conditions for settling a claim against the United States of America. This stipulation is required when a federal agency, such as the government, is involved in a lawsuit and wishes to settle the claim outside of court. Under Wisconsin law, there are no specific types of stipulations for compromise settlements pursuant to 28 U.S.C. Section 2677. However, the stipulation generally includes the following key elements: 1. Parties: The stipulation will identify the parties involved in the settlement, including the claimant (person or entity making the claim) and the United States of America. 2. Claim Details: The stipulation will outline the nature of the claim being settled, such as personal injury, property damage, or any other type of alleged harm. 3. Settlement Amount: The stipulation will specify the agreed-upon amount of money that the United States agrees to pay as settlement for the claim. This amount is typically negotiated between the parties and may be subject to court approval. 4. Release and Dismissal: The stipulation will include a provision stating that upon payment of the settlement amount, the claimant agrees to release and discharge the United States from any further liability related to the claim. It will also state that the claimant agrees to dismiss the lawsuit with prejudice, meaning the claim cannot be brought up in court again. 5. Payment Terms: The stipulation may specify the terms of payment, such as the deadline for payment, method of payment, and any applicable interest or deductions. 6. Effective Date: The stipulation will state the date from which the settlement becomes legally effective, upon execution by both parties and court approval if required. It's important to note that while the above information provides a general overview of a Wisconsin Stipulation for Compromise Settlement Pursuant to 28 U.S.C. Section 2677, it is always advisable to consult with an attorney who specializes in federal tort claims or personal injury law in Wisconsin to ensure compliance with all applicable laws and regulations.
