What is a settlement demand letter?

A settlement demand letter is a document that outlines the legal claim of an injured party in an accident and the compensation they seek for the damages they incurred. It is the first step in negotiating a settlement and is usually sent to the at-fault party or their insurance company. In Oklahoma, a settlement demand letter typically includes details of the accident, the extent of the injury, what the injured party is requesting in damages, and a deadline for the insurance company to respond. It may also detail the legal basis for the claim, such as the applicable laws or regulations that make the other party liable. The settlement demand letter is an important step in the negotiation process and should be crafted carefully to make sure all legal requirements are met. The ultimate goal is to reach an agreement that is fair and beneficial for both parties.

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