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Michael Holly
Michael Holly, Solicitor
Category: Law
Satisfied Customers: 7083
Experience:  I have 20 years of experience as a solicitor in litigation and other areas
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I want to draw up an agreement between myself and a family

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Hi I want to draw up an agreement between myself and a family member as we are both beneficiaries in my late father's will. I am taking a third party to court on the behalf of the estate and risking losing the case and therefore the legal costs. If I win the other family member has agreed not to claim their share of the award. However If I lose I have agreed not to claim legal costs against the other family member. What is best to formalise this? There is no consideration swapping hands only an agreement regarding risk and reward of the court action. Thanks

Dear Neil

You can draw this up yourself.

Just make sure that the agreement recites clearly what is agreed, identifies both the parties clearly and is signed by both of you. I would get someone to witness the signature so there is no dispute it was agreed and signed by you both.

Each of you need to retain a signed copy.

I hope this assists. If there are any further points please reply I will be happy to respond.

Kindly either accept or rate my answer on the system so I get credit for my time.

Best wishes


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