Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Statutory Offer Of Settlement

(n) Statutory offer of settlement is the written offer made by the defendant to the plaintiff offering a compensation by way of money or otherwise settling, an amount as consideration for satisfaction of his claim and withdrawing the suit. Such offers which need to be filed with the court, will close all claim of the plaintiff is accepted by him

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved