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Chicago IP Litigation Tracking Northern District of Illinois IP Cases

Oral Agreement is Enforceable as Part of a Final Judgment

Posted in Settlement

TRT Transportion, Inc., d/b/a Chicago Trolley Co. v. Chicago Trolley Rentals, Inc., No. 11 C 3693, Slip Op. (N.D. Ill. Jul. 26, 2012) (Tharp, J.).

 

Judge Tharp adopted Judge Cox’s report and recommendation enforcing the parties’ oral settlement agreement placed on the record at the conclusion of a settlement conference.  The record was clear that the parties agreed the oral terms were enforceable.  And the material terms defendant said were not included, had never even been discussed.  The Court, therefore, entered the terms of the settlement and a final judgment as part of its order.