After reaching a settlement agreement, it`s important to understand your options if you later discover additional damages or injuries. This may lead you to seek a claim after the settlement agreement has been signed. Here`s what you need to know.
First, it`s important to note that settlement agreements are legally binding contracts. Once signed, the terms of the agreement are final and cannot be changed unless both parties agree to do so. This means that if you discover additional damages or injuries after signing the settlement agreement, you cannot simply go back and ask for more compensation.
That being said, there are a few scenarios where you may be able to seek a claim after the settlement agreement has been signed. For example:
1. The settlement agreement included language that allows you to seek further damages. Some settlement agreements include provisions that deal with the possibility of unknown or undisclosed damages. In these cases, you may be able to seek additional compensation if you can prove that the damages were not known or could not have been reasonably discovered at the time of the settlement.
2. The settlement agreement specifically reserves your right to pursue further claims. In some cases, settlement agreements will include language that specifically reserves your right to pursue further claims related to the accident or injury. If this language is included in your settlement agreement, you may be able to seek additional compensation.
3. The settlement agreement was reached in bad faith. If it can be proven that the other party engaged in bad faith negotiations or failed to disclose important information, you may be able to challenge the validity of the settlement agreement and seek further compensation.
If none of these scenarios apply, it may be difficult to seek further compensation after a settlement agreement has been signed. This is why it`s important to carefully consider all potential damages and injuries before signing a settlement agreement. It`s also important to work with an experienced attorney who can help you understand your options and negotiate favorable settlement terms.
In conclusion, seeking a claim after a settlement agreement has been signed is not always possible. However, there are certain scenarios where you may be able to seek additional compensation. If you have concerns about a settlement agreement or believe that you may be entitled to further compensation, speak with an experienced attorney to discuss your options.