Benefits from using the Knecht Medical Arbitration Agreement include the following:
Eliminates trial by jury.
Eliminates jury deciding medical issues and damages.
Parties agree to cap pain and suffering damages at $250,000
All claims are resolved by binding arbitration.
State law favors arbitration.
Your liability is decided by three qualified physicians in your field of expertise.
Liability and damages are decided separately.
If no liability, they never address damages.
You have the option to avoid the “Three Strikes You’re Out Rule” in Florida.
Common law punitive damages are waived.
Parties agree to resolve all claims by the patient’s family–e.g., spouse, children, etc.
Includes all vicarious liability claims.
Includes forum to resolve bad faith claims.
Eliminates “professional” liability experts who live off of medical malpractice.
Significant reduction in attorney’s fees and costs.
The court approved it in August 2004–e.g., the court found that a minor patient and his parents were bound by the Knecht Medical Arbitration Agreement since it was in the minor patient’s best interest.
99% of the patients are signing it.
It is proprietary and subject to federal intellectual property protection.