Generally, when a matter is dismissed with prejudice the matter is concluded in its entirety. In your scenario, if you both dismiss your claims with prejudice it should all go away. Good luck.
DISCLAIMER: Please be advised that this post is not intended to constitute legal advice and is for informational purposes only. This posting in no way creates an attorney client relationship. You should contact an attorney to protect your interests.
If a matter is dismissed with prejudice, it may not be brought again. That said, in the context of any settlement, there should be language such that if a party fails to live up to its settlement obligations, the other party should have the right to reopen its case.
If you're concerned about your rights, hire an attorney to review the contract for a nominal fee. He or she can tell you whether the document is worth signing, or needs to be modified.
The foregoing is not legal advice, and nothing in the foregoing shall be deemed to create an attorney client relationship. If you feel you need to speak with an attorney regarding your issue, it is recommended that you contact an attorney with expertise in your area of inquiry. The information related above is purely for informational purposes, and should not be acted upon without speaking with qualified counsel familiar with you specific situation and the laws related thereto.
You will be ill advised to go it alone,in fact stupid.Ater all youve been through get this proposed settlement to a lawyer immediately so you dont get screwed in the future because you idint appreciate the implications of what you signed.
Advice provided is general in nature and should not be relied upon without retaining qualified and experienced legal counsel who is able to review in details the precise facts and details of your legal matter.The law firm of Hanlon Niemann and fredrick p niemann disclaims any express or implied guarantees or warranties associated with this response.
A properly drafted settlement agreement will resolve all claims that were brought or could have been brought as a result of the dispute you had with your partner, and can only be disturbed upon a showing of coercion, deception or fraud in inducing the other party to enter into the settlement agreement. This is a document that should be reviewed by or prepared with the assistance of an attorney, especially since your partner has an attorney.