What are the implications of a formal offer to settle?
British Columbia, Canada
The following excerpt is from Hanson v Sharma, 2017 BCSC 2310 (CanLII):
Formal offers to settle and informal offers can co-exist on a parallel track with each other. The formal offer to settle is focused on cost consequences. Formal and informal offers may be outstanding at any given time and a party is at liberty to choose either one to bring the litigation to an end: MacKenzie v. Brooks, 1999 BCCA 623 at paras. 24-27.
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