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Simple English definitions for legal terms

statutory offer of settlement

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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

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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