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Expert Analysis

How To Avoid An Unwanted Oral 'Settlement'

Law360, New York ( January 13, 2015, 3:02 PM EST) -- At my age, the word "strain" — as in eye strain and muscle strain — is not a good thing. Yet New Jersey courts have declared that they will "strain" to find and enforce an oral settlement, even where the alleged oral terms are incomplete. This can lead to something worse than physical pain ... your company may end up being ordered by a court to pay money, release claims and take other unwanted steps that will cause significant distress throughout the company. However, this "strain" can be avoided by taking a few simple steps....

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