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A settlement agreement is a contract, and a contract can be renegotiated at any time before it is finalized and executed. If you have agreed to a specific settlement amount, but now you feel this amount is not enough, you can ask your employer to revise their offer. The employer may agree to do that, or they may not.
Once a settlement agreement is entered as a judgment, the Family Code set-aside statute applies. The proper remedy to avoid the deal is a motion to set aside the judgment. There are two statutory frameworks for a family court to set aside a judgment: CCP section 473(b) and Family Code sections 2120-2129.
Once you have signed the document, it is seen as full and final settlement of the claims. The agreement will then be legally binding and cannot be revoked.
If the party has signed the agreement paperwork, then you may retract the contract under the following conditions: The agreement contains a provision which permits rescission. The other party allows you to rescind.
Good Faith in Settlements Just like any other binding contract, an agreement can be deemed voidable if one party is: Too young. Coerced. Defrauded or deceived.
If you can prove that a settlement is flawed, you can have it overturned. If a settlement agreement is signed under duress or deception, it might not be legal. A settlement agreement may also be revoked due to a mistake made by both parties or a false statement made by the other party.
However, the most suitable relief for a breach of a settlement agreement would be specific performance as well as damages where a patrimonial loss has been suffered. Additionally, where a settlement agreement has been made an order of court, the breaching party can be held in contempt of court.
Dear [Opposing Counsel Name], I am writing to follow up on our recent communication regarding [case name]. I have not yet received a response from you regarding [list the specific issue or question]. Please let me know your thoughts as soon as possible so that we can continue to move forward with the case.