What is a “negotiated settlement” in a sports injury case?

A negotiated settlement in a sports injury case is an agreement between the parties in which the injured party agrees to be compensated for their losses from the responsible party. This agreement is created through negotiation between the parties and typically involves the injured party waiving their right to take the case to court. In Washington, a sports injury case must meet certain criteria in order to be decided in a negotiated settlement. First, both the responsible party and injured party must agree to the settlement. Second, the amount of damages (monetary compensation) to be paid to the injured must be established and agreed to be both sides. Third, the agreement must be approved by a court before it can be enforced. Negotiated settlements can be advantageous for both parties in a sports injury case. For the injured party, the settlement allows them to receive compensation much quicker than if the case were to go to trial. Additionally, the parties can come to a mutually agreed upon amount of damages and stay out of the courtroom. On the other hand, the responsible party also benefits as they may be able to avoid a large judgment being levied against them if the case were to go to trial. Ultimately, a negotiated settlement is an agreement between the parties in which the injured party agrees to be compensated for their losses from the responsible party through the creation of an agreement instead of going to court. This can be beneficial to both parties and is a viable option to resolve a sports injury case in Washington.

What is a “negotiated settlement” in a sports injury case?

Related FAQs

Related Blog Posts