Enforceable Settlement Does Not Need to be Signed and can be Agreed by Attorneys

“To be enforceable, an agreement must be sufficiently specific, and reflect assent by the parties to all essential terms. . . . Where essential terms of an agreement remain open, subject to future negotiation, there can be no enforceable contract.” Portner v. Koppel, 49 Fla.L.Weekly D599a (Fla. 4th DCA 2024) (citation and quotation omitted). This applies to settlement agreements that are governed under contract law principles. Portner, supra. “Emails between attorneys can constitute an enforceable settlement agreement.” Id. Sometimes, a party may have “buyer’s remorse” and refuse to sign a settlement agreement. This fact alone does NOT mean there is not a...

13 March

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Reasonable Time to Accept Settlement Offer (is a Question of Fact)

Posted by David Adelstein

in Trial Perspectives

How long does a settlement offer remain pending before it dies on the vine? There is no definite answer here meaning if you extend a settlement offer and it has not been accepted, make sure to formally rescind the offer before it has been accepted. That is the safe bet. Otherwise, it may get accepted when you thought the offer expired due to time and now you are fighting over whether the offer was still valid. This was the situation in Sakowitz v. Waterside Townhomes Community Association, Inc., 47 Fla.L.Weekly D583b (Fla. 3d DCA 2022). Here, the plaintiff extended a settlement offer...

30 October

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Must be a Meeting of the Minds for there to be a Settlement

Posted by David Adelstein

in Trial Perspectives

A settlement agreement is governed under the tenets of contract law – there needs to be a meeting of the minds for there to be a settlement. Ideally, you want this meeting of the minds to be memorialized in writing in a settlement agreement. However, what if it is not memorialized in a written settlement agreement? As is true of contracts generally, a settlement agreement is formed “only when one party makes an offer and another party accepts it.” An acceptance sufficient to create an enforceable agreement “must be (1) absolute and unconditional; (2) identical with the terms of the offer;...

25 March

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Set-Off when Entering into Settlements in Multi-Party Disputes

Posted by David Adelstein

in Trial Perspectives

Lawsuits oftentimes involve multiple parties. This could include multiple defendants or third-party defendants, whatever the case may be. During the course of the dispute, there are avenues for settlement. With a multi-party dispute, sometimes the stars are aligned where a favorable global settlement works out. Sometimes, a party needs to settle with some, but not all, of the defendants. This means the plaintiff will need to try the case against the remaining defendants (or parties). The remaining defendants, obviously, want the settlements with the settling defendants to be used to set-off any damages or judgment entered against them. For example,...