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A Release in a Settlement Agreement is Not Effective Until All Amounts Due are Paid

By John P. Ahlers

An employee and his employer entered into a settlement agreement concerning a severance and salary dispute that required the employer to pay $50,000.  When the employer failed to make the payment due under the settlement agreement, the employee filed a lawsuit claiming the settlement agreement was void because the consideration specified in the agreement had never been paid and sought to recover the original claim amount rather than the $50,000.  The employer counterclaimed, asserting that the s read more

Full post as published by Construction Law Blog on March 25, 2008 (boomark / email).