What Happens When You Win a Court Settlement?
- A release is a written contract, which records the particulars of the resolution, according to the legal dictionary website. Once signed, it brings legal closure to the dispute.
- When litigation has settled, all further proceedings and case strategy have concluded.
- All the nerves and anticipation go away after a settlement. The persons involved in the litigation can move past this chapter of their lives.
- If a matter proceeds to trial, additional expenses are required to try a case to verdict. Simply, it costs money to go through a trial. Winning a court settlement foregoes additional dollars coming out of your pocket.
- When the opposing party or insurance company issues the settlement check and an attorney is involved on your behalf, the attorney receives his legal fee, and you'll receive the balance of the settlement after expenses. Depending on the legal counsel, you may sign a distribution sheet, which breaks down the itemized expenses of the settlement.