WebExample of a High-Low Agreement. John was injured in a car accident and couldn’t negotiate a settlement with the at-fault driver’s insurance company. He requested arbitration and the company agreed. They had a high-low agreement, with the lowest acceptable amount of $7,500 and the highest at $20,000. WebJan 7, 2008 · Disclosure of High-Low Agreements—Recent Treatment of the Issue. A high-low agreement is a litigation technique which places a ceiling and a floor on the amount of money awarded at trial, regardless of the jury’s actual verdict. In theory, the agreement insures that neither the plaintiff nor the defendant will face a devastating jury verdict.
What High-Low Agreements Can Do for You: Settlement …
WebNov 21, 2024 · A “high-low” agreement is in fact a conditional settlement. When a jury renders a verdict, this condition is triggered and the “high” or the “low” (or a number in between) becomes binding upon the parties and is considered a settlement. Definition WebFeb 9, 2024 · A high/low agreement is a settlement in which a defendant agrees to pay the plaintiff a guaranteed minimum recovery in return for the plaintiff’s agreement to accept a guaranteed maximum amount, regardless of the jury’s actual verdict. In this case, the plaintiff would receive a low of $4 million regardless of how the jury ruled, even if ... how to run faster in swtor
Should I Agree to a High/Low at Trial or Arbitration? - 1-800-HURT …
WebIn a high-low agreement, the parties agree on two limits — a lower limit representing the plaintiff’s minimum recovery, and a higher limit setting the defendant’s maximum liability. WebMar 16, 2024 · “High-Low” agreement, which guarantees that the plaintiff will recover decent money, even if the jury returns a goose egg for a verdict, and which provides the … WebHigh-low agreement is a settlement that is contingent on a jury's award of damages. In a high-low agreement, the parties sets a minimum amount which the defendant will pay to … how to run faster in roblox