What Is a “Mary Carter” Agreement? [ABA Practice Points]

David Loh, a member in the firm's Transportation & Trade Practice, and William Lesser, an associate in the firm's Commercial Litigation Department, co-authored, "What Is a “Mary Carter” Agreement?" for the American Bar Association Practice Points. In their recent publication for the American Bar Association Section of Litigation Admiralty Litigation Committee, David and William discuss what a Mary Carter Agreement is, whether they are valid and enforceable, and how they can be used to effectuate settlement.

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