California Firm Offer

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US-1340710BG
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A firm offer is an offer in writing where the offer cannot be revoked, withdrawn or amended for a specific period of time.
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FAQ

A: California Code of Civil Procedure Section 1033.5 details recoverable costs. Such costs include court filing fees, law and motion fees, jury fees, expert witness fees (if ordered by the court), service of process, and transcriber expenses associated with depositions.

A statutory offer to compromise, codified as the California Code of Civil Procedure (CCP) Section 998 offer, allows for either the plaintiff or the defendant to offer the other party financial incentive to accept a pretrial settlement.

If the offer is accepted, the accepted offer is filed with the court and judgment entered accordingly. If the offer is not accepted, and the person rejecting the offer does not obtain a trial result better than the offer, certain cost-shifting mechanisms kick in.

§ 998 Offer For $X Plus Costs and Attorneys' Fees A second option for defendants wishing to cap a plaintiff's attorney fees is to offer a A§998 plus attorney fees. That means that if the plaintiff rejects the offer, it must win a monetary judgment that is greater than the A§ 998 offer, excluding the attorneys' fees.

App. 4th 608, 629 (When a section 998 offer is silent as to costs and fees, contractual or statutory attorney fees are recoverable in addition to the amount of the accepted offer.); Engle v.

A section 998 offer expires after thirty days or upon the commencement of trial or arbitration, whichever comes first. (Ibid.) A section 998 offer may be served on the opposing party at any time ten or more days before a trial or arbitration begins. (Code Civ.

A § 998 offer is a reasonable, good faith offer proposed by either the defendant or the plaintiff. A A§ 998 offer shifts costs to the other party so the prevailing party can recover certain costs from the losing party. This encourages both parties to evaluate the value of the case one last time before it goes to trial.

Costs are carefully defined, as described below, and include such items as filing costs, experts costs, etc. They do not include attorneys fees. Such offers are known as 998 Offers after the section of the California Code of Civil Procedure that describes the process.

A § 998 offer is a reasonable, good faith offer proposed by either the defendant or the plaintiff. A A§ 998 offer shifts costs to the other party so the prevailing party can recover certain costs from the losing party. This encourages both parties to evaluate the value of the case one last time before it goes to trial.

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California Firm Offer