A good settlement offer is one that fully compensates you for all the damages you have suffered due to an accident or injury caused by someone else's misconduct. It should cover not only current medical expenses, but also future costs, lost income, and other losses. Some say that the measure of a good agreement is when both parties leave the agreement unhappy. This means that the defendant paid more than he wanted to pay and the plaintiff accepted less than he wanted to accept.
There are several factors that can serve as guidance as to whether the agreement should be accepted. In general, if an agreement close to the face value of the case can be reached, it should be considered that this is a very good agreement. One of the first considerations that lawyers and clients must consider is the possibility of prevailing on the issue of liability. If it is clear that the other party is at fault, the settlement offer should not be reduced because of the risk of losing the case. If the plaintiff has only a 60% chance of prevailing in terms of liability, he may want to consider accepting 40% less in the settlement.
A reasonable settlement offer is one that includes medical expenses, lost wages, pain and suffering, and property damage. While it varies from case to case, an experienced personal injury attorney can help you find a reasonable amount for your case. Ninth, use the very strong social obligation of the reciprocity rule. Cialdini explains that the rule of reciprocity forces people to return a favor with a favor.
Oddly enough, the reciprocal favor is often of greater or different value than the initial favor. Use this concept to manipulate your opposition during negotiations. Use positive, respectful and generous negotiating behavior to generate that attitude in return and facilitate the influence of the other party to accept the settlement proposals. Express your desire to meet the needs of the opposition so that they can return the favor by meeting your needs.
Accept the opposition's request for something less valuable to generate an obligation of reciprocity before making a proposal for agreement. When negotiating in your law office, be a friendly host who provides them with food and a comfortable room so that, when making a settlement proposal, they are more inclined to want to return the generosity by accepting the proposal. In the same way, grant extensions of evidence and show courtesy to the needs of the opposition in litigation prior to negotiations, so that the other party acts in a manner reciprocal. A good settlement offer works in your favor and puts you back in a favorable position once the agreement is final.
Settlement offers must take into account all the factors that have affected you in relation to your losses, damages and personal injuries. For example, insurance companies use charts, graphs, and calculations to determine the best offer for a claim. They are usually fair in their decisions, but make no mistake in saying that the insurance company wants to reduce part of the agreement if they can get away with it. A good agreement is one that creates solutions that meet and promote the needs of both parties to a certain extent. Your solution may not be perfect, but it should benefit all parties.
Over time, parties are more likely to comply with such an agreement than with a judge's order. If you're wondering what a good settlement offer would be when it comes time to settle a personal injury claim, call the injury and accident attorneys at the personal injury law firm CEO Lawyer for the best answer. In addition, total accident expenses can be much more than just your out-of-pocket expenses, so you'll want to make sure you have an attorney on your side who knows how to correctly calculate the settlement value of your car accident.
