Settlement offer

A settlement offer or offer to settle is an offer to resolve an outstanding issue or account. This may involve a statutory offer to compromise in a civil lawsuit. In either case, it involves communication from one party to the other suggesting a settlement, or an agreement to fully and finally resolve the outstanding issue, account, or dispute. In some jurisdictions, if one party makes a settlement offer, and the other party rejects it, this rejection can limit the ability of the other party to recover costs that would have been saved had the settlement offer been accepted.

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.