Settlement Demand
A formal request asking the other party to resolve a claim by paying a specified amount or taking action.
What is Settlement Demand?
A Settlement Demand is a formal written request from a plaintiff or attorney asking the opposing party to pay a specific amount or take action to resolve a claim before litigation or trial.
Why It Matters?
It initiates negotiation, documents claims, and can lead to early resolution, saving time and legal expenses.
Example
An attorney sends a settlement demand to an insurance company requesting $50,000 for medical expenses and damages.
Related Terms
Mediation
Litigation