Is there a time limit once you make a settelment and sign all the paperwork to get your settelment money?
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Is there a time limit once you make a settelment and sign all the paperwork to get your settelment money?
I have a workers comp suit we setteled over 2 months ago. My attorney said I would get the check in 1- 2 weeks. As of today I still have nothing and my attorney states there is nothing he can do about it. In addition my settelment I signed for was for $8000, then almost 3 weeks later my attorney said they made a mistake and changed the amount from the $8000 to $7400. Don’t I have to be notified in writting or sign something else.
Asked on March 13, 2012 under Personal Injury, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Unless there is some preliminary agreement setting the terms of a settlement to be reduced in a more formal writing as to a time period to get matters completed, there is no specific time limit to get the formal settlement agreement finalized and signed by all parties. The time period is simply a reasonable one assuming the parties are willing to sign the formal settlement agreement.
Your notification of the terms of the final settlement agreement is usually through your attorney via a telephone call, e mail, letter and the like and review of the formal proposed settlement agreement. Your option is to either accept the $7,400 now tabled or reject it. You are not under an obligation to accept some term that you do not like. That is why is is called a settlement.
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