What is a “negotiated settlement” in a sports injury case?
A negotiated settlement in a sports injury case is an agreement between the two sides, typically the injured party and the liable party, to settle the dispute outside of court. This means that the two parties come to an agreement on how to handle the dispute without having to face a lengthy and costly court battle. In order for a negotiated settlement to be considered valid, both sides must agree to all of the terms of the settlement and sign an agreement outlining what those terms are. Negotiated settlements are typically used in sports injury cases to avoid the cost and potential stigma of going to court. Settlements are also preferred by both parties because it can be quicker and simpler than having to go through a time-consuming litigation process. Typically, the injured party will receive a certain amount of money or other compensation in return for dropping the case. Negotiated settlements are fairly common in sports injury cases in Hawaii. Anytime a dispute arises over an injury incurred while playing a sport, the parties involved can work together to come to an agreement that is beneficial to both sides. The negotiated settlement process is generally efficient and cost-effective, meaning that both parties can avoid a lengthy court battle and still get a fair resolution to their case.
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