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To settle out of court, you sign a contract stating that you are dropping any further legal claim in exchange for whatever they offer as incentive for you to end litigation.

This usually saves the defendant (the person being sued) money, even if they feel they could win the case, because they don't have to spend time in court or pay lawyers to argue their case.

The plaintiff (the person who is suing) usually settles for a known amount of money, rather than risk going to a jury and losing their case. It's usually less than they feel they might win, but again saves them the trouble of going to court and paying their lawyers to try the case.

Simply put - a bird in the hand is worth two in the bush. If you have a legal claim and you feel you have a strong case, certainly consult a lawyer before you settle out of court.

2006-07-20 20:01:44 · answer #1 · answered by Epistomolus 4 · 0 0

Settling Out Of Court

2016-11-12 04:57:50 · answer #2 · answered by colbert 4 · 0 0

Settling out of court means that you and the other party come to an agreement or "settlement" without having a trial and having your decision handed down by a judge. Depending on the type of case this can mean more money for the plaintiff or less. While often the settled monetary amount is lesser than that awarded by a judge or jury, one saves a LOT of money in attorney's fees. Your attorney will charge you anywhere from $250-$500 (or more!) per hour for the time s/he spends in court as well as for all of the hours preparing. This can add up rather quickly so as you can see, sometimes it actually saves money to settle party differences outside of the courtroom. That, and it is then a guaranteed payment. If you wait for a judge to settle your case for you you risk not being awarded anything at all.

2006-07-20 20:00:19 · answer #3 · answered by Danielle 2 · 0 0

it means rather than both parties paying court costs and lawyer fees, they decided to end the matter with a compromise. say there was someone suing someone else. the person being sued may say that they'd rather just give up some money rather than make the dispute public. so both parties agree on a lump sum of money that's fair and agreeable on both sides. it's usually done when the person being sued realizes they may lose the case, and lose more money. so they settle for giving at least half of the desired amt right then.

2006-07-20 19:57:09 · answer #4 · answered by dplovincalvinist 3 · 0 0

When settling out of court,it means that your opponent doesn't want to go thru the court procedure which can be very time consuming and expensive. Yes,it can be more beneficial for you and you can also not only win the case(especially an inheritance) but get them to pay your legal fees too.

2006-07-20 19:56:53 · answer #5 · answered by Anonymous · 0 0

You agree to settle a dispute with another party without getting the courts involved.

2006-07-20 19:56:37 · answer #6 · answered by Anonymous · 0 0

settling out of court means two parties mutually decide not to take matters to court... probably they realise that legal proceedings would add too much to the expense or its not worth the trouble, so they settle matters out of court, amongst themselves mutually.

it could be one party paying the other for damages or apology letters or any other such remedy..

this is what i know from what i read.. i aint a law student.. so dont depend on this too much.

besides definitions might vary from one country to another.. so thats also a point

2006-07-20 19:58:28 · answer #7 · answered by Anonymous · 0 0

It means the parties in the case come to an agreement without a trial. You may get more or less money. It depends.

2006-07-20 19:54:53 · answer #8 · answered by Anonymous · 0 0

No, usually less, plus the person/entity settling doesn't have the bad publicity to show to their stockholders.

2006-07-20 19:54:55 · answer #9 · answered by The Apple Chick 7 · 0 0

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