Dallas, TX asked in Employment Law and Arbitration / Mediation Law for Texas

Q: When settling out of court, what should an affidavit state for the agreed on money and when to receive it

1 Lawyer Answer
Tim Akpinar
Tim Akpinar
  • Arbitration & Mediation Lawyer
  • Little Neck, NY

A: A Texas employment attorney could best advise, but your post remains open for four weeks. As a GENERAL matter for civil claims of MOST types, there will be a form called a release to memorialize terms of the settlement. I think that's what you're talking about. The release will outline the basic settlement terms, make the claimant confirm that they understand that the payment is in full, and sometimes include a paragraph about acknowledging the absence of liens. In terms of a timeline, the parties can choose to include that. Some releases do not, but that is up to you. If you're talking about an arbitrator's DECISION (you posted under Arbitration/Mediation), that's different. The arbitrator's decision can be more strict and more commonly includes terms for payment (such as 30 days), or grounds for appeal. If the settlement is for a sizable amount or a significant matter, you could consider running your closing documents by a Texas attorney. Good luck

Tim Akpinar

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