12
Real Estate Attorney www.ProvenResource.com

Top 5 Reasons To Negotiate A Settlement

Embed Size (px)

Citation preview

Page 1: Top 5 Reasons To Negotiate A Settlement

Real Estate Attorney

www.ProvenResource.com

Page 2: Top 5 Reasons To Negotiate A Settlement

1. DEFINES LIABILITY

www.ProvenResource.com

Page 3: Top 5 Reasons To Negotiate A Settlement

A settlement can define a new relationship between the parties by specifying their new responsibilities or

just reaffirm old ones.

www.ProvenResource.com

Page 4: Top 5 Reasons To Negotiate A Settlement

2. DEFINE ISSUES

www.ProvenResource.com

Page 5: Top 5 Reasons To Negotiate A Settlement

In a lawsuit, lawyers list all legal theories of why a defendant is liable to the plaintiff. A settlement can

resolve some of the less important issues while leaving other issues to be heard by the judge or a jury.

www.ProvenResource.com

Page 6: Top 5 Reasons To Negotiate A Settlement

3. REDUCE EXPENSES

www.ProvenResource.com

Page 7: Top 5 Reasons To Negotiate A Settlement

Lawsuits involve pleadings, motions, discovery, pre-trial hearings, status conferences, case evaluations, jury selection,

trial preparation, a trial, post trial motions, appeals, etc. Many legal professionals will agree that settling a legal

dispute can be far less expensive than litigation.

www.ProvenResource.com

Page 8: Top 5 Reasons To Negotiate A Settlement

4. MANAGE RISK

www.ProvenResource.com

Page 9: Top 5 Reasons To Negotiate A Settlement

Parties that reach a settlement control the outcome of a dispute. This reduces their risk of having a third-

party, such as a judge or jury, decide the final outcome and terms of a dispute.

www.ProvenResource.com

Page 10: Top 5 Reasons To Negotiate A Settlement

5. STRATEGIC DEFAULT

www.ProvenResource.com

Page 11: Top 5 Reasons To Negotiate A Settlement

Among some legal circles, parties can often negotiate settlement terms more favorable to them than those

terms found in an original agreement.

www.ProvenResource.com

Page 12: Top 5 Reasons To Negotiate A Settlement

Since 1990, attorney David Soble has represented lenders, loan servicers, consumers and business

owners in real estate, finance and compliance matters. For over 24 years, he has been involved in thousands

of real estate transactions and has successfully negotiated and saved millions for his business and

consumer clients.

ABOUT THE AUTHOR

www.ProvenResource.com

31800 Northwestern Hwy.Suite 350

Farmington Hills, MI 48334Phone: (888) 789-1715

Disclaimer: You should not rely or act upon the contents of this article without seeking advice from your own, qualified attorney.