What is required for settlements involving minors in claims?

In settlements involving minors, the law recognizes that minors do not have the legal capacity to enter into binding agreements. Therefore, any settlement related to a claim that involves a minor must be executed by an authorized representative, which is typically a parent, guardian, or an attorney acting on behalf of the minor. This ensures that the minor's best interests are protected and that there is a responsible party overseeing the settlement process.

The requirement for parental or guardian consent serves to safeguard minors from making decisions that they may not fully understand or that could adversely affect their future welfare. This legal framework aims to ensure that all actions taken regarding a minor's claims are in compliance with regulations intended to protect their rights and interests.