Daniel Ricciardo and former manager Glenn Beavis have reached an amicable settlement over the $12 million lawsuit which was being heard in the UK High Court.
Beavis had raised a dispute over commissions he felt were still owed to him from Ricciardo's lucrative Renault contract, signed mid-way through 2018 to commence this season. The lawsuit stated Beavis was entitled to 20 percent of Ricciardo's base salary -- which is believed to have been around $12 million -- and several other contractual fees, including the cost of the Australian driver's superlicence.
The two parties have reached an undisclosed settlement.