What is a settlement offer?

A settlement offer is a legal agreement between two parties in which the defendant agrees to pay a certain amount of money to the plaintiff in exchange for the plaintiff to drop their case. This is a way for both parties to avoid going to court and the expense and time associated with a trial. In Delaware, a settlement offer must be in writing and agreed upon by both parties before it can be considered legally binding. The settlement may be made before or during the trial process, and if the offer is accepted by the plaintiff, the case will usually be dismissed. A settlement offer may also include non-monetary forms of compensation, such as an apology or a change in policy. In some cases, the defendant may also agree to waive their rights to pursue a lawsuit against the plaintiff. Regardless, all settlement offers must be approved by the judge before they are valid.

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What is a settlement offer?

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