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LSDefine
Simple English definitions for legal terms
high–low agreement
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A quick definition of high–low agreement:
High-Low Agreement: A type of settlement where the defendant agrees to pay the plaintiff a minimum amount of money, and the plaintiff agrees to accept a maximum amount regardless of the outcome of the trial. This is also called a hilo settlement.
Misdemeanor: A type of crime that is less serious than a felony and is usually punished by a fine, penalty, forfeiture, or confinement in a place other than prison. There are different levels of misdemeanors, with some having more severe penalties than others. In some jurisdictions, conduct that rises to the level of a serious misdemeanor can be charged as either a felony or a misdemeanor.
A more thorough explanation:
A high-low agreement is a settlement between a defendant and a plaintiff in which the defendant agrees to pay the plaintiff a minimum amount of money, and the plaintiff agrees to accept a maximum amount of money, regardless of the outcome of the trial. This type of settlement is also known as a hilo settlement.
For example, in a personal injury case, the defendant may agree to pay the plaintiff a minimum of $50,000 and a maximum of $100,000. If the jury awards the plaintiff less than $50,000, the defendant will pay the minimum amount. If the jury awards the plaintiff more than $100,000, the defendant will pay the maximum amount.
A misdemeanor is a type of crime that is less serious than a felony. It is usually punishable by a fine, penalty, forfeiture, or confinement in a place other than prison, such as a county jail. Misdemeanors are also known as minor crimes or summary offenses.
For example, traffic violations, disorderly conduct, and petty theft are all examples of misdemeanors. These crimes are less serious than felonies, which are punishable by imprisonment in a state or federal prison.
Some misdemeanors, such as gross misdemeanors and serious misdemeanors, have more severe penalties than other misdemeanors. Conduct that rises to the level of a serious misdemeanor can sometimes be charged as either a felony or a misdemeanor.