to be satisfied out of the proceeds of the settlement

English translation: to be covered/to be paid

08:36 Apr 8, 2018

English language (monolingual) [Non-PRO]
Law/Patents - Law: Contract(s)

English term or phrase: to be satisfied out of the proceeds of the settlement

Resident understands and agrees that each party is to bear its own attorney’s fees and costs, if any, in connection with the claim and settlement evidenced by this Agreement and that all liens or claims for payment upon Resident are to be satisfied by the Resident out of the proceeds of the settlement.

What does it mean "to be satisfied by the Resident out of the proceeds of the settlement"?

Mohammad Ghaffari

Selected answer:to be covered/to be paid

Explanation:
To Satisfy in this context means to be covered as payment or to be paid by

Selected response from:

Julio Madrid
Mexico
Local time: 22:32

Grading comment

4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +6

to be covered/to be paid

Julio Madrid

Answers

2 hrs confidence:

peer agreement (net): +6

to be covered/to be paid

Explanation:
To Satisfy in this context means to be covered as payment or to be paid by

Julio Madrid
Mexico
Local time: 22:32
Native speaker of:

Spanish,

English

Peer comments on this answer (and responses from the answerer)

agree

Tony M

17 mins

-> Thank you!

agree

Jennifer Levey

1 hr

-> Thank you!

agree

Robert Forstag

4 hrs

-> Thank you!

neutral

philgoddard: You've only answered half of the question.

4 hrs

agree

writeaway: you've undoubtedly answered the part the Asker didn't understand. proceeds and settlement were already mentioned elsewhere in the text and are relatively obvious/easily found/I said easily found, not easy. but it is a basic term for sure

5 hrs

-> Thank you, Charlie! I should've given a more extent "explanation", but I saw it as obvious/easy as you mentioned. =) . Hehe I see what you mean, but I was not literally quoting you. "easily" did not apply to the sentence I wrote.

agree

AllegroTrans

8 hrs

-> Thank you!

agree

NishantM

3 days 5 hrs

-> Thank you!

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