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And a settlement agreement does not need to be in writing to be enforceable. An oral settlement agreement entered into by the parties can be enforceable so long as it does not violate the statute of frauds. This oral agreement would be interpreted in the same manner as any other contract.

It is well known within the legal world that most cases settle before they ever get to trial. Generally, less than 3% of civil cases reach a trial verdict. So, around 97% of cases are resolved by means other than trial.

To determine a potential settlement value, they first combine the total of medical expenses to date, projected future medical expenses, lost wages to date and projected future lost income. The resulting sum is then multiplied by the pain and suffering multiplier value to produce a projected settlement amount.

As a rule of thumb, though, you can expect to receive a pay-out that is equivalent to between three and six months' worth of your salary in addition to your notice pay and accrued holiday pay. This will usually ring true if you meet the following criteria; You have worked for the employer for at least two years.

Settlements can be reached at any time throughout the litigation process, and many cases are settled before a formal lawsuit is filed. There is an option to settle the day before or even the day of trial.

Cases typically resolve more quickly in settlements than at trial. Much if not all of the damages (settlement money) is available to the plaintiff soon after settlement is reached. Confidentiality: settlement agreements can generally be kept private and out of public records. On a personal level, this is often desired.

The dollar figure you include in your personal injury demand letter sets the stage for settlement talks. Your demand should be higher than what you think your claim is worth, but still in the ballpark of believability. A general rule is asking for 75 percent to 100 percent more than what you'd be satisfied with.