statutory offer of settlement

Definition of "statutory offer of settlement"
  1. A written proposal from the defendant to the plaintiff to end a lawsuit by paying a specific amount of money within an agreed time
How to use "statutory offer of settlement" in a sentence
  1. After long discussions, the defense team decided to make a statutory offer of settlement to avoid the uncertainty of a trial.
  2. The judge kept the statutory offer of settlement confidential until the verdict was reached.
  3. The plaintiff rejected the defendant's statutory offer of settlement, believing the amount was not sufficient.

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