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Mary Carter agreement
Mary Carter agreement definition - legal
n
A device for settling cases
that involves multiple defendants, with one or more defendants paying money to
plaintiff in exchange for a release from further liability, but with an ongoing
role to participate in the trial of the case, a portion of any monies received
by the plaintiff from other defendant(s) is paid to the settling defendant(s).
Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.
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