How Do I Know When to Settle?
There is no special test to use to decide when it’s time to settle the lawsuit. There are plenty of questions to ask yourself, and things to consider, and they’re the same considerations you’d have in deciding to agree to any negotiated conclusion to a dispute.
The first step is always to consider your alternatives. When you’re thinking about settling a lawsuit, your major alternative is going through to trial. The thing you always have to take into account is that you can’t guarantee any particular outcome for a lawsuit. That’s what makes decisions about settlement so difficult; they’re basically a gamble.
Here are some questions to think about in deciding whether or not to settle:
• How likely do you and your ...