Considering an offer to settle?
There are many factors to consider when making or responding to an offer to settle an ongoing lawsuit. This blog post will discuss the purposes and effects of making, accepting, or rejecting an offer to settle, in general. For information and advice regarding the specific terms that are included in any actual offer to settle please seek legal advice.
What are the advantages of making an offer to settle?
Litigation is expensive. If possible, it is better for everyone to agree to a reasonable settlement and avoid the need for trial. However, (as I will discuss below) if a trial is required, a party who has made a reasonable offer to settle may be able to recover a portion of their litigation costs from the other party.
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