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The Mary Carter agreement

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How does a "Mary Carter agreement" work? What is the advantage of such a settlement approach to the plaintiff? To the defendant?

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A Mary Carter agreement is a form of case settlement in which there are more than one defendant, and at least one of these defendants settles with the plaintiff in order for them to be released from any additional liability within the case. This ...

Solution Summary

This solution describes the legal ramifications of the Mary Carter agreement and its advantages for both the plaintiff and the defendant.