Settlements are almost always confidential. They are legally binding contracts on all parties to a legal action--whether it has been filed or not--and usually involve the payment of damages to the party that is the plaintiff. In return, the payer of the funds does not have to acknowledge a...
A structured settlement is often awarded by the court as part of a legal settlement to compensate for financial losses. While the word “settlement” typically implies an agreement between two parties, this isn’t always the case. You may receive payments from an insurance company, even if they...
Legal settlements: Payments made to settle lawsuits or legal disputes. Losses from asset sales: Financial losses when selling assets below their book value. Currency exchange losses: Costs resulting from unfavorable fluctuations in foreign exchange rates.How...
Aside from these practices, investing in D&O liability insurance is advisable. This insurance can cover legal fees, settlements and other costs associated with defending against a claim related to the decisions and actions of company leaders. By combining strong governance practices with ...
In some cases, a certain type of payment might be tax-free while another, very similar one will lead to a tax bill. Here are three instances where you need to take special care. Some legal settlements are nontaxable, but others are. To determine whether you owe the U.S. Treasury a ...
A payout refers to a sum of money that is distributed or paid out to individuals or entities, often as a result of an investment or business activity. Payouts can be made in various forms, including dividends, interest payments, insurance claims, legal settlements, and retirement fund distribut...
ph.d. medical editor reviewed by jennifer lucarelli lawyer and legal advisor for more than two decades, jennifer lucarelli has served as legal advisor at mesothelioma.com. she has advocated for more than 1,000 asbestos victims, securing millions in settlements and helping them access quality medica...
To ensure that your organization is safe and HIPAA compliant, it's crucial to effectively monitor and safeguard all systems storing PHI. Additionally, you must provide your employees with adequate training to ensure they're aware of the legal requirements. By being proactive about HIPAA compliance,...
Aquitclaim deedreleases an individual’s interest in an asset without stating the nature of their interest or rights. The grantor could be a legal owner or not and makes no promises. Quitclaims are often used in divorce settlements and transfers of property between family members. ...
These settlements might also arise when two parties complete offsets, which can leave a positive balance for one party. Account settlement in legal agreements means ending a dispute over money. Understanding Account Settlements Theaccounts receivabledepartment of a company is charged with the account s...