A Pierringer release or Pierringer Agreement is a type of
settlement agreement
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. The term also has other meanings in t ...
. In law, a settlement is a resolution between disputing parties about a
legal case that is reached either before or after court action begins.
The origin of the case is the Wisconsin tort law case of ''Pierringer v. Hoger''.
Pierringer v. Hoger
124 N.W.2d 106, 21 Wis.2d 182 (1963)
Features
A Pierringer Release has the following features:
* the settling defendant’s liability is segregated
* the satisfaction of the settling defendant’s liability to the credit of all parties to the litigation
-
A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in reference to a civil act ...
* the plaintiff’s ability to continue with the action against the remaining defendants
* the plaintiff’s agreement that it will indemnify
In contract law, an indemnity is a contractual obligation of one party (the ''indemnitor'') to compensate the loss incurred by another party (the ''indemnitee'') due to the relevant acts of the indemnitor or any other party. The duty to indemni ...
the settling defendant for any contribution sought from it by the non-settling defendant(s).
References
Sources
* Peter B. Knapp, "Keeping the Pierringer Promise: Fair Settlements and Fair Trials," 20 William Mitchell Law Review 1 (1994)
External links
Multi-Party Settlements: Breaking the Logjam
(.pdf), Peter Cronyn & James Brown, November 2002.
Civil procedure
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