Settlement Agreement Resolving Claims of a Small General Practice Firm

The agreement should list the rights, claims, obligations, or interests that will be released in the settlement as well as any claims or obligations that are not part of the settlement.

Research the law in order to determine how much your settlement agreement is reasonably worth. Use any personal connections that you have with management to negotiate your deal. Think about instructing specialist employment solicitors to advise you.

An offer. This is what one party proposes to do, pay, etc. Acceptance. Valid consideration. Mutual assent. A legal purpose. A settlement agreement must also not be "unconscionable." This means that it cannot be illegal, fraudulent, or criminal.

A Settlement Agreement (formerly known as a Compromise Agreement) is a legally binding agreement between you and your employer. This usually provides for a severance payment by the employer in return for your agreement not to pursue any claims in a Tribunal or a Court.

Take pictures/video of the property damage, accident scene, and injuries. Obtain a copy of the police report. Seek medical treatment ASAP. Use your personal injury protection (PIP) policy to pay initial bills, then use your health insurance.

Key Obligations. Also called the terms of settlement, these include who will pay or do what, and what will happen after the payment is made or the actions completed. They should include details like a payment deadline. Release. Parties agree to release each other from all future claims, demands and actions.

Unless you have already have another job to go to, it is not easy to ascertain how long you will be out of work, but as a general rule of thumb, a payment equivalent to six month's salary is considered to be a good settlement.