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Today's Terms
Clear sailing agreement
Definition:
An agreement made between counsel for plaintiffs and defendants during or after a settlement negotiations on the claims of a class whereby the defendant agrees not to object to a fee request of the counsel representing the plaintiff class.
Objector
Definition:
An objector is a class member that disagrees with a certain aspect of the settlement.
Declaratory judgment class
Definition:
Declaratory judgment class is an action where the court is asked to declare the rights and obligations of the respective parties.
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