This agreement is between a defendant and the spouse and executor or administrator of the estate of decedent for wrongful death. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Description: A Wake North Carolina Settlement Agreement and Release in a Wrongful Death Suit after Filing of Suit but Prior to Trial is a legally binding agreement reached between the parties involved in a wrongful death lawsuit in the Wake County area of North Carolina. This agreement is typically reached as a means of resolving the lawsuit without going through the full trial process. In such cases, there may be different types of settlement agreements and releases, including: 1. Lump Sum Settlement Agreement: This type of agreement involves the payment of a single, predetermined amount by the defendant or their insurance company to the plaintiff or the plaintiff's representatives. The payment is made in exchange for releasing the defendant from any further liability or claims related to the wrongful death. 2. Structured Settlement Agreement: In this type of agreement, the compensation for the wrongful death is paid out over a period of time through a structured payment plan. The payments may be made in regular installments or at specific intervals, providing financial security and stability for the plaintiff or their beneficiaries. 3. Confidential Settlement Agreement: This agreement ensures that the terms and details of the settlement remain confidential and are not disclosed to the public or media. The confidentiality clause protects the privacy of both parties involved and prevents any potential negative publicity or reputation damage. 4. Mediated Settlement Agreement: In some cases, the parties involved may opt for mediation to reach a settlement agreement. A neutral third-party mediator facilitates negotiations and helps the parties find a mutually acceptable resolution. This type of settlement agreement allows for greater control over the outcome, as the final decision is made by the parties themselves rather than being determined by a judge or jury. Regardless of the specific type of settlement agreement reached, it is important to note that the parties involved voluntarily enter into this agreement to resolve the wrongful death lawsuit out of court. By agreeing to the settlement terms and signing the release, the plaintiff typically surrenders their right to pursue any further legal action in relation to the wrongful death claim. This allows for the closure of the lawsuit and provides some compensation for the damages and losses suffered by the plaintiff or their beneficiaries.
