When you think of a lawsuit, you probably picture two lawyers arguing in a wood-paneled courtroom in front of a judge and jury. However, although some Texas car accident lawsuits do end up in court, many are settled out of court when both sides come to a mutual agreement. Usually this agreement involves the defendant paying the plaintiff an undisclosed amount of money for damages and the plaintiff dropping the lawsuit.
Are out-of-court settlements a good thing or a bad thing? Honestly, it depends on the particulars of your case and the particulars of the settlement. Only you can decide whether or not to accept a settlement or to pursue a lawsuit. With that being said, let’s look at a few advantages of settling an injury claim out of court:
- Speed. Depending on the complexity of the negotiations, settling out of court could save you a significant amount of time, especially if the party you are suing is willing to work with you on a solution.
- Expense. A drawn-out court case can prove to be expensive, while an out-of-court settlement can save you legal fees and other court costs that can add up quickly. Although you will still need to pay for some legal services during a private settlement, you may save money in comparison to paying for a trial.
- Privacy. Many out-of-court settlements remain undisclosed to the public, while the results of court trials are open to the public. In addition, an out-of-court settlement may mean that your case gets less coverage and publicity than if a large trial took place.
- A sure outcome. If a judge and jury decide your case, you can’t be sure who they will side with or how much money they will reward you with. In a settlement, you know how much you are getting – even if it may be less than what you originally asked for.
Again, it is important to understand that all Texas car accident cases are different and that all families are different. The right choice for one injury victim may not be the right choice for someone else. The best way to find out if a private settlement is the right choice for you is to speak with your Dallas car accident attorney.