Calderbank defendant settlement offer post-issue

Published by a LexisNexis Dispute Resolution expert
Precedents

Calderbank defendant settlement offer post-issue

Published by a LexisNexis Dispute Resolution expert

Precedents
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[ON YOUR LETTERHEAD]

Without prejudice save as to costs

[SUBJECT TO CONTRACT]

[Insert date]

[Insert name and address of other party’s solicitor]

Dear [insert contact name]

[Insert subject of letter]

We refer to our open letter of [today’s date OR [insert date]].

    1. 1

      As set out in that letter, both we and our client are confident that our client will be wholly successful in defending your client’s claim[s] against it, in respect of the agreement between our clients dated [insert date] (the ‘Agreement’) as set out in your client’s claim [insert claim action number] and particulars of claim dated [insert date of particulars of claim] (together ‘the Claim’). [We are also confident that our client will succeed in respect of its counterclaim against your client for [insert details of the remedy sought in the counterclaim, eg re-payment or credit for sums paid to date in respect of the defective valves supplied by your client and the consequential losses to our client] for the reasons set out in our open letter and further detailed in our client’s defence and counterclaim dated [insert

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Jurisdiction(s):
United Kingdom
Key definition:
Settlement definition
What does Settlement mean?

The payment or collection of proceeds after trading a security. Settlement usually takes place some time after the deal and price are agreed.

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