Hopefully, you have an attorney and you absolutely need to talk to your lawyer before you try to back out of the agreement. In Arkansas, if an agreement to settle has been reduced to writing or the plaintiff has dismissed the case, the settlement agreement is enforceable.
Again, go talk in detail with the lawyer who is representing your side of the matter about all the possible consequences that could happen to you and/or your family before you decide to try to "undo" a settlement agreement.
This answer does not create a attorney client relationship and cannot be relied upon as a legal opinion as there are too many unknown facts to this matter to render an opinion at this time. Campbell & Grooms, PLLC http://www.campbellgrooms.com
If the settlement has been finalized (i.e., the written settlement agreement has been signed by all parties), the settlement is enforeceable and binding. It is too late to back out. If there has been a settlement in principle and the settlement has not yet been finalized, and there is a basis for you to argue that there was a misunderstanding, lack of meeting of the minds, or other reason not to proceed further, there may be a basis for you to back out. However, this is a tricky proposition and you need to consult with your attorney to further discuss this matter, including the potential ramifications of your backing out.
This response is for information purpose only and does not constitute a legal advice. This response does not create an attorney-client relationship.
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