There’s been an accident and the parties involved agree to a settlement. But the question is: does this settlement need to be in writing or is a verbal settlement agreement acceptable?
When two parties agree to the conditions of a personal injury case they can do so verbally or in writing. A written agreement may be easier to prove, but that doesn’t make the verbal agreement any less binding. Thus, the quick answer is: yes, verbal settlement agreements are acceptable. But it might be more difficult to enforce – and it might involve a court case if one or other party changes their mind about the verbal agreement.
In most cases, there will be insurance policies that cover both the injured party and the person deemed to be at fault. An insurance adjuster will deal with the claim and will often get the parties involved to verbally agree on a settlement, trusting that the settlement agreement is fair. But it may not be, which is why it’s a good idea to handle settlements with the guidance of a personal injury attorney.