What is the settlement offer designed to do?

The primary purpose of a settlement offer is to resolve disputes outside of court. This process allows the parties involved in a disagreement to come to a mutually acceptable resolution without the need for a trial or litigation, which can be time-consuming and costly. By engaging in settlement discussions, parties can negotiate terms that are acceptable to both sides, often leading to a quicker and less adversarial conclusion of the issue at hand. This approach is beneficial as it can save resources, reduce stress associated with legal battles, and help maintain relationships between the parties involved, whether in business or personal contexts.