Let's say you have been in a vehicle accident. You and the other party involved have entered into negotiations regarding the whole situation—or perhaps you are considering such talks, but you have many questions about how it works.
It's natural to ask, "How long does settlement take?" For many, this is a question that requires an urgent answer. The incident or accident at the heart of the negotiations likely caused a financial burden (for example, unexpected medical bills and a loss of wages). A negotiation settlement can bring much-needed relief.
This article explores what a settlement negotiation is, how long these talks tend to take, and the benefits of having a lawyer by your side.
What Is a Settlement Negotiation?
Both parties can negotiate a settlement to resolve their differences during a legal dispute. Discussions are held to agree to terms everyone is happy with. Settlement negotiations are preferable to anyone who wants to stay out of the courtroom for privacy reasons or to settle things quickly.
The Process of a Settlement Negotiation
Most settlements start with thorough preparation. Before contacting the other party or their legal team, it is important to gather all the evidence and documents you can to prove your case and ensure the best outcome.
The next phase is to make your settlement demands. A lawyer can help you to determine a fair amount, when not to accept a settlement offer because it's too low, and how to make a counteroffer. The final phase is when both parties agree and a settlement is reached.
How Long Does It Take to Get Lawsuit Money?
One needs to understand that there is no quick answer to the question, "How long does it take to get a settlement check?" Why? Simply because no two cases are alike. However, you can expect a rough time frame between one and three months. It all depends on how smoothly communications happen and how quickly you and the other party agree.
How a Lawyer Can Speed up the Process
Many factors can draw out a settlement. Some people choose to represent themselves, and that's acceptable-but the complexities of the legal world and procedures can slow you down. A lawyer is already familiar with the process of settlements and can quickly navigate these obstacles. Doing it on your own for the first time means familiarizing yourself with legal terms and steps, which can take a while to implement.
A lawyer can also review your case and more accurately give you an estimate of how long does a personal injury settlement takes, or any other type of settlement. This will give you a good idea of what to expect and prepare for.
A lawyer is also invaluable if the other party is not easy to deal with. They can contact the said individual or their lawyers on your behalf, so you don't have to deal with the negativity directly. Your legal team also knows how to best approach such complex cases from dragging their feet and slowing everything down.
Why More People Choose Lowe Law
Here at Lowe Law, the happiness of every client is our priority. Settlement negotiations can be frustrating, especially when you face unexpected bills or trauma related to the accident in question. We understand that you want a speedy, fair settlement so that you can move on with your life.
When you partner with Lowe Law, you get a compassionate team that has your best interest at heart. We will thoroughly assess your case and deal with all the legal aspects and communications with the other party and their legal team. At the same time, you will stay in the loop and remain updated every step of the way.
Are you ready to enter negotiations outside of court and need expert advice? Our team at Lowe Law can get you the best settlement you deserve. But why not get to know us first? We invite you to contact Lowe Law to schedule a completely free consultation where we can discuss your case and options. Don't settle for less. Get the best negotiation settlement lawyers on your side today.
