Top 5 Reasons to Negotiate a Settlement

Real Estate Attorney

www.ProvenResource.com

1. DEFINES LIABILITY


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

just reaffirm old ones.


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2. DEFINE ISSUES


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.



3. REDUCE EXPENSES


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.



4. MANAGE RISK


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.



5. STRATEGIC DEFAULT


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

terms found in an original agreement.



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


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.


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Top 5 Reasons to Negotiate a Settlement