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A "global settlement" is one employed where suits have been filed or charges brought in multiple jurisdictions and is defined as "a legal agreement that addresses or compromises both civil claims and criminal charges against a corporation or other large entity". [4]
Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
It is sometimes said that 95% of cases end in settlement; few jurisdictions report settlements, but empirical analysis suggests that the settlement rate varies by type of lawsuit, with torts settling around 90% of the time and overall civil cases settling 50% of the time; other cases end due to default judgment, lack of a valid claim, and other ...
A Pierringer release or Pierringer Agreement is a type of settlement agreement. In law, a settlement is a resolution between disputing parties about a legal case that is reached either before or after court action begins. The origin of the case is the Wisconsin tort law case of Pierringer v. Hoger. [1]
Such clauses refers to the standardized clauses in contracts, and they are to be found towards the end of the agreement. [1] Including boilerplate clauses is the process by which parties to the contract may better define their relationship and the will to provide certainty if terms in the contract are ever disputed .
They may seek up to $28.5 million in fees, plus $1.1 million for expenses, from the settlement fund. The $95 million is about nine hours of profit for Apple, whose net income was $93.74 billion in ...