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Q: What is a "Hi-Low" agreement?

 

A: A: At trial, your attorney may suggest a hi-low agreement to you in order to hedge your bet that you will get some money as a result of a jury verdict. It places a maximum that you will agree to and guarantees a minimum amount that you will receive in the event a jury comes back with a defense verdict.

This type of agreement protects the defense attorney from a really large verdict and also protects you in the event a jury disagrees with your claims. This agreement is binding on all parties.