Description: A Knoxville Tennessee Joint Petition for Approval of a Workers Compensation Settlement is a legal document filed by both the employer and the injured employee for obtaining court approval of a settlement agreement regarding a workers' compensation claim in Knoxville, Tennessee. This joint petition serves as a formal request to the Workers Compensation Court to review and approve the proposed settlement. Keywords: 1. Knoxville Tennessee: This refers to the specific geographical location where the workers' compensation claim and settlement petition are taking place. Knoxville is a city in eastern Tennessee, United States. 2. Joint Petition: A joint petition means that both the employer and the injured employee are in agreement regarding the proposed settlement terms. 3. Workers Compensation Settlement: This refers to a negotiated agreement between the employer and the injured employee to resolve a workers' compensation claim. The settlement usually involves a lump sum payment or structured payments to the employee in exchange for giving up their right to future legal action related to the injury. Types of Knoxville Tennessee Joint Petition For Approval of A Workers Compensation Settlement: 1. Lump Sum Settlement: This type of joint petition involves a one-time payment made by the employer to the injured employee to settle the workers' compensation claim. The amount is usually agreed upon based on factors such as the severity of the injury, medical costs, lost wages, and future medical needs. 2. Structured Settlement: This type of joint petition involves the employer agreeing to make periodic payments to the injured employee over a defined period, rather than a one-time lump sum payment. The structured settlement provides a steady income stream to the injured worker, catering to ongoing medical expenses, lost wages, and other related costs. 3. Modified Duty Settlement: In cases where the injured employee is still able to work but with certain limitations, a joint petition for a modified duty settlement can be filed. This agreement outlines the terms of the modified job role and wage adjustment to accommodate the employee's limitations resulting from the workplace injury. It is important to consult with an experienced workers' compensation attorney in Knoxville, Tennessee, to correctly prepare and file the joint petition for approval of a workers' compensation settlement, ensuring compliance with the state laws and regulations.