Although the Illinois courts have approved very low agreements, the proposed agreement should not have aspects of the prohibited «credit receipt» or «Mary Carter» agreements. Illinois courts encourage transaction agreements. A simple compromise agreement is advocated. However, if there are two or more defendants, the court will take a closer look at the transaction agreement to determine whether it was made in good faith, particularly where a contribution action is pending. The Cunha Tribunal expressly ruled that a long-standing agreement between the parties constituted a settlement of the dispute and should be treated like any other regime for CPLR purposes, including the application of the payment, stop and interest provisions of CPLR 5003-a, unless the provisions of the statute are expressly excluded from the provisions of the low-level agreement. Whatever the forum, a high-level agreement should be considered when the damage is high and liability is uncertain. Often, in cases where excessive judgment has been rendered, jurors have been satisfied with sympathy, and the verdict is not correlated with damages. Therefore, it is advisable to dismiss and evaluate a case before the judgment and to consider a minimum low-level agreement if the conduct of the case requires the need for a case. Low-cost agreements are a smart alternative. Weather permitting, the parties should reduce the agreement to a formal written provision. The provision should then be read in the minutes, established by the registration lawyers with a statement that they each have the power to enter into such an agreement and marked as a judicial exposure.
Then the lawyers ordered the provision «so.» In the event that this is a last-minute idea, lawyers should outline the agreement on a legal pad and read it in the minutes. Finally, the provision must be attributed to the applicant in an open court and on the record, in order to recall the fact that they understand the benefits and bad points of the conclusion of the agreement. If the applicant is incompetent, a minor or a representative of an estate, the Tribunal`s approval is required.