Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a settlement agreement be varied or revoked?

Agreement revoked varied
1
Posted

Can a settlement agreement be varied or revoked?

0

Yes and the burden of proof lies with the party applying for variation or revocation of a settlement agreement. If a party only applies to vary the settlement agreement, the People’s Court cannot revoke the settlement agreement. It is also important to note that the right to apply for revocation expires a year after the party entitled to apply for revocation knows or ought to have known of the existence of the right to apply. Some of the grounds in which a party may rely on to vary or revoke a settlement agreement are: (i) where the settlement agreement is concluded based on serious misunderstanding, or (ii) where it is concluded unfairly.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.