Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

statutory offer of settlement

Read a random definition: in libero sochagio

A quick definition of statutory offer of settlement:

Statutory offer of settlement is when the person being sued offers to pay the person suing them a certain amount of money to settle the case before it goes to trial. The person suing has a short time to decide if they want to accept the offer. If they do, the case is over and the settlement is official. If they don't, the case goes to trial and the person suing might have to pay a lot of money if they lose. So, it's important to think carefully about the offer.

A more thorough explanation:

Statutory offer of settlement is a legal term that refers to an offer made by a defendant to a plaintiff to settle a dispute before it goes to trial. The offer is usually a monetary amount and the plaintiff has a limited amount of time to accept or decline the offer.

If the plaintiff accepts the offer, the settlement will be filed with the court and will be legally binding. However, if the plaintiff declines the offer and the case goes to trial, the plaintiff may not be able to recover their legal costs if the judgment is less than the settlement offer.

For example, if a plaintiff is suing a defendant for $10,000 and the defendant offers a settlement of $8,000, the plaintiff must decide whether to accept the offer or go to trial. If the plaintiff declines the offer and the judgment is less than $8,000, the plaintiff may not be able to recover their legal costs.

It is important for plaintiffs to seriously consider settlement offers because trial costs can be very expensive and may outweigh the potential benefits of going to trial.

One example of a statutory offer of settlement is in Colorado, where the defendant can actually receive costs from the plaintiff if the judgment for the plaintiff was less than the defendant’s settlement offer.

Statutory lien | statutory rape

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
shaquilleoatmeal
14:24
Yall don’t be insufferable before the start of law school, go chill out a bit and stop stressing
14:25
Shaq im trying to ask if they would suck dick for HLS can you wait a minute
shaquilleoatmeal
14:25
💀 my bad. I wouldn’t be that desperate for HLS. Would I let anyone suck it to get into HLS though - yes lmao
shaquilleoatmeal
14:26
Just gotta close my eyes and pretend it’s one of my uber hoes
ImpartialLion
14:31
Unironically, i got that liangelo ball song stuck in my damn head
ImpartialLion
14:32
Fr annoying
14:35
@shaquilleoatmeal: I would let someone suck my dick if it meant I would get into HLS is so funny. Like im sure that’s a real hardship for you.
jackfrost11770
14:36
💀💀💀
shaquilleoatmeal
14:36
It really is, it’s a prized possession not everyone gets the opportunity to have
shaquilleoatmeal
14:37
Actually reverse that, HLS should be on their knees beginning for me to come in and asking what they can do
shaquilleoatmeal
14:37
Begging *
14:38
I wouldn’t kick Harvard Law School out of bed for eating crackers! 😝
14:39
That’s my panther impression
windyMagician
14:41
"ew shes sucking dick to get into hls" -the bitch that's sucking dick for free
14:42
texts man for texts
windyMagician
14:43
put that tweet on my gravestone tbh
14:43
it’s one of the most important pieces of contemporary media
windyMagician
14:44
is that what your yale 250 was on
14:45
unfortunately no
14:46
i can’t stop thinking about the phrase “i know he had u jolly”
shaquilleoatmeal
14:47
When you gotta send me your insta and let me slide in the dms
14:50
I’m not that easy to get
windyMagician
14:51
is shaq the text man
shaquilleoatmeal
14:51
Nah the complete opposite, I’ve been trying for months🙃
shaquilleoatmeal
14:51
Text man? What did I miss
14:53
@bunnynoise: How was the gifting
14:55
WONDERFUL!! ‼️‼️‼️
jackfrost11770
14:57
do we think BU not giving me a decision means i'm sexy and cool
jackfrost11770
14:57
tbf all the recent waves have been R/WLs so i shouldn't be complaining
LSD+ is ad-free, with DMs, discounts, case briefs & more.