Personal injury lawsuits can be stressful from the outset – you are probably nursing your injuries as you read this, and do not know what your future is going to look like particularly if you suffered a major, catastrophic injury. This is something that we as a national injury law firm understand and appreciate, and we usually use every resource in our power to ensure that you get the resolution you deserve so you can move on with your life. The main purpose of a personal injury claim is to make you whole again, and this usually involves making the at-fault party pay for your injuries and the consequences of the same via what’s called damages. These are quantifiable items that are related to the injuries you sustained such as pain and suffering, the cost of medical care, lost wages, loss of consortium, the cost of rehabilitation and home modifications, the cost of future medical care and so much more.

All of these damages are listed in what is known as a settlement demand which the defendant is asked to review and acquiesce to or the case moves forward and is litigated in a court of law. Settling a claim is usually the standard route that most injury lawsuits take, but within this process is the nuance of how much to settle for, especially if the case looks like it might very well go to trial. In this article, we shall take a look at the specifics of a phenomenon known as a High-Low Agreement as well as another known as a Mary Carter agreement and how they can help you recover the best settlement in your injury case – read on to find out more.

We Have The Experienced Legal Help That You’re Needing!

Are you looking for an injury attorney? Please call us NOW at (314) 481-63338 to learn more about your legal options for justice and compensation. The experienced injury lawyers at McCready Law bring to the table over 90 YEARS of combined legal experience where we’ve helped tens of thousands of injured Americans from just about every state and every socioeconomic background recover compensation after getting injured due to the negligent actions of other individuals or large corporations. We pride ourself in our ability to net large settlements and judgments, and this is exemplified in the over $260 million we have recovered for our clients over the last couple decades.

Our massive and enviable success in the personal injury world can be attributed to a number of factors such as the fact that we personally handle all our claims as tenured attorneys and do not shunt them over to paralegals as is common in most law firms, something that usually jeopardizes claims.

We also work with a team of well-renowned experts in the medical, investigative, forensic, and accounting fields in order to come up with a case replete with objective evidence, medical rationale for your injuries tying them to the accident and the defendant’s negligence as well as quantifying your injuries by way of compensable damages to ensure you get the compensation you truly deserve. We run a bilingual firm (hablamos Español), and we have nationwide reach thanks to our vast and trusted network of referral attorneys.

Last but not least is the fact that we take on all cases on contingency fee basis, which simply means that there are ZERO UPFRONT FEES for the duration of the processing of your claim, as we only levy our fees at the end of the suit, and only if we’ve recovered compensation on your behalf. If you got injured and are looking for personal injury lawyers with trial experience, you’ve come to the right place – give us a call NOW at (314) 481-63338 to learn more about your legal options for justice and compensation: our intake team is standing by.

The Basics of a High-Low Agreement in an Injury Lawsuit

Essentially, a high-low agreement is designed to be a contractual arrangement between the plaintiff and a single defendant where these two parties agree before a trial on a settlement amount even as the case proceeds to a verdict. The main purpose of a high-low agreement is to agree on a guarantee minimum recovery for you the plaintiff and a capped maximum liability for the defendant.

What happens is that the parties agree on both a high and low number, and if the jury’s verdict comes sandwiched between these two figures, the verdict stands and this amount is paid out to you. However, if the verdict is below the low number, the defendant will still pay this amount regardless. On the other hand, if the verdict goes above the high number, the defendant is obligated to pay this high amount regardless of the jury’s decision.

Why You Should Agree to a High-Low Agreement as the Injured Party

What’s great about the high-low agreement is that you as the plaintiff avoid the possible and unfortunate possibility of a zero verdict where no damages are awarded because the jury finds that the defendant was not liable in any way, shape or form. On the defendant’s side, they agree to this agreement as they lower their capping exposure since a catastrophic injury may attract a verdict so high – in the millions – that it could potentially bankrupt them.

When drafting a high-low agreement, it is important that the terms are explicit and that nothing is left to chance; the low and high figures must be written out clearly, and the claims that this agreement applies to, as well as how the verdict will be translated into the final payment. In addition, the terms must be clear on if this amount will include or exclude legal fees and how miscellaneous costs will be handled.

Nationwide Injury Attorneys – Call Us Today!

It is important to note that each party must agree to the terms and must be made aware of the same, and that once the document is signed, one cannot renege from the terms of the agreement. We’d like to therefore invite you to give us a call NOW at (314) 481-63338 to learn more about this form of pre-litigation resolution that is an insurance policy of sorts regardless of the extent to which you got injured. We accept injured clients nationwide, so feel free to call us from any state and we shall endeavor to represent your personal injury claim to the fullest extent of the law. Remember, your first consultation is 100% FREE, and there is no obligation Thanks for choosing McCready Law, and we look forward to helping you.