high-low agreement

noun

Legal Definition of high-low agreement

: a settlement that is contingent on a jury's award of damages and that sets a minimum amount that the defendant will pay the plaintiff if the award is below that amount and a maximum amount that the defendant will pay if the award is above that amount

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“High-low agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/high-low%20agreement. Accessed 4 Jul. 2020.

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