Subject: Rejection of Settlement Offer — [Your Name] vs. [Opposing Party] [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Opposing Party] [Opposing Party's Address] [City, State, Zip Code] Dear [Opposing Party's Name], I hope this letter finds you in good health. I am writing to express my response to the settlement offer presented by your legal team on behalf of [Opposing Party/Company Name] in the matter of [Your Name] vs. [Opposing Party] pending in [Court Name]. First and foremost, I would like to thank you for presenting us with the settlement offer and acknowledging the importance of resolving this legal dispute promptly. However, after careful consideration and consultation with my legal counsel, I regret to inform you that we cannot accept the proposed settlement offer for the following reasons: 1. Insufficient Compensation: The settlement offer fails to adequately compensate for the damages and losses incurred as a direct result of the actions of [Opposing Party]. Upon a thorough review of all relevant factors, it is evident that the proposed compensation does not sufficiently reflect the full extent of the harm caused. 2. Lack of Liability Acknowledgment: The settlement offer does not include any admission of liability or acceptance of responsibility from [Opposing Party]. It is essential to ensure that the settlement agreement includes a clear acknowledgment of fault, as it plays a crucial role in restoring my client's faith in the fairness and transparency of the legal process. 3. Future Legal Security: By accepting this settlement offer, we are concerned that it may limit our ability to pursue further legal action against [Opposing Party] should unforeseen complications arise or if additional evidence surfaces, indicating a need for more significant compensation. Rejecting this offer will allow us to keep all legal options open and fully explore the extent of damages suffered. 4. Preservation of Principle: Rejecting the offered settlement is also a matter of principle. We firmly believe that by rejecting this inadequate settlement, we are upholding justice and ensuring a fair outcome for all parties involved. It is crucial to emphasize that our decision is not driven by animosity but rather a commitment to upholding the principles of fairness, accountability, and justice. In light of the aforementioned reasons, it is with regret that we decline the settlement offer in its current form. We remain open to further negotiations and discussions aimed at reaching a fair and just resolution. However, any future offer must address the concerns highlighted above. To maintain transparency and efficiency in our communication, please direct any future correspondence regarding this matter to my legal representative, [Your Attorney's Name]. They can be reached at [Attorney's Contact Information]. We hope that with mutual understanding and a genuine willingness to reconcile, we can work towards a resolution that benefits both parties involved. We are committed to resolving this dispute while upholding our right to seek a just and equitable outcome. Thank you for your attention to this matter. We look forward to hearing from you soon. Yours sincerely, [Your Name] [Your Attorney's Name] [Your Attorney's Bar Number] [Your Attorney's Address]
Guam Sample Letter for Rejection of Settlement Offer
Description
How to fill out Sample Letter For Rejection Of Settlement Offer?
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FAQ
You don't have to accept any offer that's made to you. If you do accept an offer it might be lower than the compensation you would have got if you'd used a solicitor or gone to court instead. don't feel under any pressure to make a decision quickly.
In response to your letter dated [Date of Insurer's Letter], I am unable to accept your offer of $[Offer Amount] to settle my demand for compensation in Claim Number [Claim Number from Above]. The figure you offered is insufficient in light of the facts of the case.
Always reject a settlement offer in writing. Type a letter to your contact at the insurance company listing the reasons you think that their offer is too low. Back up these reasons with concrete evidence attached to the letter. Finally, provide a counteroffer of a sum you think is more reasonable.
Within the letter, you can indicate that you reject the offer and highlight why you deserve a higher settlement amount. You should also counter their reasons for offering the lowball initial offer. Your explanation behind these reasons can be critical in getting a better second offer from the claims adjuster.
To reject the initial offer, you will create a counteroffer and send it via mail to the insurance company claims adjuster.
Declining a settlement offer is as simple as saying no. There aren't any special steps you need to take. However, your attorney or the defendant might sometimes ask you to respond in writing so everything is clear. If a settlement offer has a deadline, you can also decline it by ignoring it until it expires.
Responding to a Low Settlement Offer from Your Insurance Company Key Steps for Responding to Your Insurer's Offer. ... Gather Proof of Your Losses. ... Gather Evidence of Your Injuries. ... Respond to the Settlement Offer in a Professional and Assertive Manner.
This letter should state: That you will not accept the initial settlement offer; The reasons why you feel you deserve a higher settlement amount; Each of their low-offer reasons, and your responses; The higher settlement amount that you will accept.
