4 ms·
I'm not trying to tell anyone how to feel, just objectively explaining why settlements have to have deadlines. Of course unlevel playing fields are always a co
by will_brown 10y ago
I'm not trying to tell anyone how to feel, just objectively explaining why settlements have to have deadlines. Of course unlevel playing fields are always a concern, obviously that's naturally going to be the case between multi billion dollar companies and the little guy. One party (hopefully) has fully developed processes and procedures, likely developed/vetted by a large firm or in-house Counsel, but forcing open ended settlement offers on them isn't leveling the playing field. Such a system might only unlevel the playing field more, for example this claims process (while far from perfect) likely would exist, it would basically be telling the little guy to hire a lawyer from the beginning.
Yes there are terms for "strong arming" that would invalidate contracts or even this settlement: "coercion". Now think more along the lines of the GodFather making an offer he can't refuse (gun to your head asking you to sign) or I'm locking you in the room until you agree verse an offer with 24 hour deadline to accept with a confidentiality provision.