How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Phillips Esq. Your Own Question
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Legal
Satisfied Customers: 18141
Experience:  B.A.; M.B.A.; J.D.
16551887
Type Your Legal Question Here...
Phillips Esq. is online now
A new question is answered every 9 seconds

I am entering into a settlement agreement with a soon-to-be

Customer Question

I am entering into a settlement agreement with a soon-to-be previous employer. The settlement amount will be paid out over time. Is there any way to guarantee the payments? For example, if the company currently had the cash we could use escrow however, the payments will be coming from future revenues.
Submitted: 1 year ago.
Category: Legal
Expert:  Phillips Esq. replied 1 year ago.

Regrettably, there is no way to guarantee payments if the company is cash strapped and cannot put the funds in an escrow account. However, non-payment will be a breach of the settlement agreement. Once the employer breaches the settlement, you have no obligation to continue to comply with the terms of the settlement.