What is an offer of judgment?

An offer of judgment is a legal tool available to parties involved in a dispute under California arbitration law. It is a way for a party to make a formal written proposal to another party in order to settle a dispute without a trial. The offer of judgment essentially proposes that the other party accept a certain amount of money as a settlement, usually with certain conditions attached. If the other party accepts the offer, then the dispute is considered settled and the litigation comes to an end. In order to make an offer of judgment, the party making the offer must sign a written document that sets forth the offer in detail. The document should explain the amount of money being offered and any other agreed-upon conditions such as an agreement to withhold certain evidence or testimony at the arbitration hearing. Once the offer is signed, the party making the offer must mail the document to the other party, who has the right to accept or reject it. If the other party accepts the offer, the parties enter into a settlement agreement that details the terms of the offer and any other conditions agreed upon. This agreement then needs to be filed with the court in order to be legally binding. If the offer is rejected, the parties must head to arbitration to decide the dispute.

Related FAQs

Are there any special considerations for employment arbitration?
What is an arbitration award?
What is the Federal Arbitration Fairness Act?
What is a motion to compel arbitration?
Are there any special requirements for an arbitration agreement?
What are the rules of evidence and procedure in an arbitration hearing?
What is a motion to disqualify an arbitrator?
What is a motion to compel arbitration or stay proceedings pending arbitration?
Are there any remedies for a breach of the duty of good faith and fair dealing?
What is a motion to dismiss an arbitration?

What is an offer of judgment?

Related FAQs

Related Blog Posts