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Simple English definitions for legal terms
offer of settlement
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A quick definition of offer of settlement:
An offer of settlement, also known as an offer of compromise, is when one party offers to settle a dispute by paying money or making other amicable arrangements to avoid or end a lawsuit or legal action. This offer is usually not admissible as evidence of the offering party's liability during a trial, but may be admissible for other purposes.
A more thorough explanation:
An offer of settlement, also known as an offer of compromise, is a proposal made by one party to another in an attempt to resolve a dispute without going to court. This offer usually involves the payment of money or some other form of compensation.
For example, if two parties are in a legal dispute over a contract, one party may make an offer of settlement to the other party. The offer may include a payment of money to resolve the dispute and avoid going to court.
It's important to note that an offer of settlement is usually not admissible as evidence of the offering party's liability in court. However, it may be admissible for other purposes.
Overall, an offer of settlement is a way for parties to resolve a dispute without the need for a lengthy and costly legal battle.