Settlement Authority

In order to engage in meaningful settlement discussions and work toward a timely resolution of your case, we need your settlement authority.

This is the lowest total amount you are willing to accept to resolve your claims. The number you provide should reflect the total amount you wish to receive personally.

Please include in this figure any out-of-pocket legal fees or costs you have already paid and wish to recover. Do not include any unpaid legal fees. We will account for those expenses separately as part of any settlement discussions.

If there are any additional terms you require (for example, future repairs, loan payoff, or other conditions), please include them. If any portion of your damages is ongoing or may increase over time, please note the date through which your settlement authority is valid (the “End Date”).

You retained counsel for a reason. We will use your authority to negotiate strategically and pursue the most favorable outcome available based on the facts and applicable law.

Client Information

Client First name

Client Last name

Today's date

Recurring or Increasing Amounts

If any amount increases at a specific rate over time, please indicate that here. Please use the Damages Form (Section 2: Recurring Losses) to describe each recurring loss you have. By noting it here, we'll incorporate these increasing losses as we move forward, making your total settlement authority (below) increase along with them at the same rate.

Recurring losses include things such as monthly loan payments, quarterly premium payments, storage fees, etc.

Please check the box that applies

My settlement authority DOES include one or more recurring or increasing losses, which I have described on the Damages Form (Section 2: Recurring Losses).

My settlement authority does NOT include any recurring or increasing loss.

Settlement Authority Amount

Lowest Total Amount You Will Accept ($):

This is the lowest total amount you are willing to accept to resolve your claims. The number you provide should reflect the total amount you wish to receive personally. This Settlement Authority Amount includes any recurring expenses through the Settlement Authority End Date (below).

Include in this figure any out-of-pocket legal fees or costs you have already paid and wish to recover as part of your settlement proceeds.

Do not include any unpaid legal fees. We will account for those separately.

Additional Required Terms

I also require the following non-monetary terms to settle my case:

E.g., repairs, credit report correction, or other conditions.

Settlement Authority End Date

Settlement Authority End Date. If anything changes in the future, simply fill out a new form with your updated authority.

The End Date is the date your settlement authority expires. Please be sure to update your authority by submitting a new form at that time.

This date should be provided if any portion of your damages is ongoing or may increase over time, and should reflect the period through which your settlement authority remains valid.

If you have any questions or concerns about completing this form, please contact your Legal Team before submitting. LegalTeam@WellsLawChicago.com

Confirmation & Signature

If there are additional named clients, by signing below, you affirm that this authority is given with the consent of all co-clients. If the authority in this form changes (except for any recurring losses, as marked above), you must update this form promptly. Updates may be submitted at any time by completing a new form.

My signature below confirms the settlement authority as stated herein.

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