The goal of settlement negotiations is to reach a compromise that all parties can accept. However, this can be easier said than done.
Many factors need to be considered when drafting an effective settlement agreement. Some of these include the scope of the release (i.e., how broad or narrow it should be), identifying key issues, and including a dispute resolution mechanism.
Involving Third Parties
A key component of settlement negotiations is ensuring the agreement is consistent with all applicable laws and regulations. A settlement that violates the law is unlikely to be deemed reasonable or enforceable. (more…)