Drop-hands settlement offer—pre-action

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Dispute Resolution expert
Precedents

Drop-hands settlement offer—pre-action

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Dispute Resolution expert

Precedents
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[ON YOUR LETTERHEAD]

[Without prejudice save as to costs]

[Insert date]

[Insert name and address of other party’s solicitor]

Dear [insert contact name]

[Insert subject of letter]

We refer to our open letter of [today’s date OR [insert date]].

    1. 1

      As set out in that letter, both we and our client are confident that your client’s claims against our client (as set out in your client’s letter dated [insert date] (the Letter of Claim)) are wholly without merit and, if brought before a court would be dismissed in their entirety and that our client would therefore be entitled to seek recovery of all of its costs from your client incurred in dealing with this matter. [Furthermore, in addition to seeking such costs from your client, if proceedings were to be issued against our client, our client would not hesitate in counterclaiming against your client in respect of [insert details of prospective counterclaim and/or set-off

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Jurisdiction(s):
United Kingdom
Key definition:
Settlement definition
What does Settlement mean?

The payment or collection of proceeds after trading a security. Settlement usually takes place some time after the deal and price are agreed.

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