What is a proposal made to resolve a legal dispute outside of court called?

A proposal made to resolve a legal dispute outside of court is referred to as an "Offers to Settle." This term specifically denotes a formal offer presented by one party to another in an attempt to reach a resolution without the need for litigation.

The significance of an "Offers to Settle" lies in its potential to save both parties time, money, and the uncertainties associated with court proceedings. Such offers often include specific terms that, if accepted, would lead to a resolution of the dispute and result in the withdrawal of any claims or lawsuits.

In contrast, while "Settlement Offer" may seem similar, it does not carry the same formal connotation that "Offers to Settle" does within legal contexts. Similarly, "Terms of Agreement" suggests a broader aspect of a contract rather than the specific act of resolving a legal dispute. "Compromise Resolution" implies a mutual concession but is not the commonly used legal term for making a settlement proposal. By understanding the terminology used, one can better navigate negotiations in legal contexts and ensure clarity in communication.