Settlement Agreement Calculation: Fill & Download for Free

Here’s an outrageous story. This isn’t a story about how outrageously stupid the judge was. It’s actually quite the contrary.When I was in law school, I interned for a federal judge. I asked her to write one of my letters of recommendation to take the Bar in Massachusetts, and on this day I had dropped by to pick up the letter.So I show up to her courtroom, and there’s one hearing left. I don’t know anything about the facts of the case, but from what I gathered at the hearing, they were something like: A guy lost custody of his kid and had a restraining order filed by his wife/ex-wife/girlfriend/ex-girlfriend/baby mama. The restraining order would be dropped, and custody restored, if he completes anger management training.He goes and completes anger management training, and marches himself down to the appropriate state agency with his paperwork. He pays the fines or filing fees or whatever he needs to pay, he provides the certificate of completion from the program, all that stuff.The state loses all of that. They give him the run-around, and eventually it becomes clear to him that the path of least resistance is to do it all again. So he does it all again, but at the same time sues Massachusetts in federal court to recover the extra expense. He’s representing himself in court.After he’s done explaining all that, the judge turns to the state attorney. “Which of his alleged facts do you disagree with?”There was a lot of very inartful double talk from the state. Eventually, the judge asked, “Do you dispute any of the facts he alleges?” “No, your honor.” Livid, the judge asks… no, demands… “WHY HAVEN’T YOU SETTLED THIS CASE?!?”More inartful double-talk. “Well, your honor… I don’t have the authority t… you see, there’s a committee, and a decision has to come from th… I’m not sure when the next meeting is….”As it happens, I had also served as an intern in the state attorney general’s office. Without revealing any deep dark secrets, suffice it to say the whole process the state attorney stammered to explain was unfamiliar to me. And, apparently, the judge, who responded: “Don’t give me that! Is there a reason you shouldn’t settle now!? Are you not a duly appointed representative of the state!?”After a little more brow-beating, the attorney finally relented. So now we’re talking settlement.The judge to the plaintiff: “Sir, what are you asking for in damages?”The guy goes into his calculation, which is actually pretty reasonable: the cost of the program is so-and-so, he had to miss work, and he made so-and-so per day, he had to take a taxi, which is so-and-so. He wasn’t asking for a zillion dollars for pain and suffering, or punitive damages, or anything like that. At the end of the day, his total cost was something like $2,700. The judge rounded it up to $3,000. Back to the state attorney: “Is $3,000 reasonable? Do you dispute any of the costs he described?”“No, but…”“Okay, so you’ll settle this for $3,000?”Begrudgingly, “yes your honor.”But an on-the-record statement wasn’t good enough. The judge was feeling frisky that day, apparently. She says to her clerk: “Rex, go print me off one of those model settlement agreements. Let’s get this taken care of right away.”So, after continuing to brow-beat the state attorney, they have a settlement agreement that is mutually agreeable to both sides after a few moments. It’s executed.The judge doesn’t stop there.“Okay, when can this man expect his money?”“Well your honor, this has to get routed to the department of…”“You have thirty days.”“Your honor, I don’t know if it’s possible t…”“You have THIRTY DAYS.”Okay, that’s the end of it, right? The judge then asks, “anything else?”State attorney, obviously, says no. (I’m sure she had plenty to say, but none of it was really appropriate for an on-the-record hearing.) But, remarkably, now the guy has a problem!“Actually, your honor, there’s one more thing…”I’m completely dumbfounded, how this guy doesn’t seem to be able to take a complete victory and leave it alone.“What’s the one more thing?”“I would like an official apology from the state of Massachusetts…”Fuuuuuuck. The judge, however, handled it deftly. Technically, she’s a federal judge and doesn’t speak in any way for the state. (Even if she were a state judge, she still doesn’t speak for the state in any official capacity.) However, she makes a big show of it: “Rex, are we still on the record? We are? Good. On behalf of the state of Massachusetts, I apologize for the way you were mistreated…” She goes on a bit longer, giving a very nice but ultimately meaningless apology.Finally, the case was concluded, and I got my damned letter.

Judge will decide based on many factors like earnings of male, earnings of female, wealth of males famiy, wealth of females family. assets and liabilities of both individuals, children in question etc.Normally in 70% divorces - the settlement agreement is pre-agreed by both couples.

You MUST get advice from a lawyer who will be able to do draft a settlement agreement based on the circumstances as the law varies from country to countryBedides the contingent legal liability which can be expensive and a drain on both managemnt time and cash the contingent liability of a law suit from a co founder will scare any future investors away until a settlement agreement has been signed by all parties particularly as there are potential disputes over both shares and code ownershipIf you don’t already have shatehokder and employment agreements set up for all founders, cofounders, shareholders and employees this is the opportunity to do so as these documents should provide the solution should such circumstances arise in he future