Joseph D. Nohavicka, a partner at Pardalis & Nohavicka writes: The use of a control contract at trial, colloquially known as a high-low agreement, establishes concrete parameters of maximum exposure for the defendant and a minimum recovery for the plaintiff. However, if clear terms are not employed and the specific scope is not delineated, defined, and understood by all parties to the contract, chaos can ensue.
Damage Control: High-Low Contracts at Trial
New York Law Journal
August 29, 2013