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DRAFT FOR SETTLEMENT DISCUSSIONS ONLY UNDER RULE 408 NOT ADMISSIBLE AS EVIDENCE NON-EXCLUSIVE LIMITED PATENT LICENSE AGREEMENT THIS AGREEMENT hereinafter referred to as the Agreement is made by and between Acticon Technologies LLC hereinafter referred to as Acticon a New York limited liability company with principal offices at Montebello Park 75 Montebello Rd. Suffern New York 10901-3740 and a corporation with principal offices at hereinafter referred to as Licensee. W I T N E S S E T H...
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How to fill out rule 408 disclaimer form
How to fill out a rule 408 settlement letter:
01
Start the letter by including the date and your personal contact information.
02
Address the letter to the opposing party or their legal representative.
03
Clearly state the purpose of the letter, which is to offer a settlement under Rule 408.
04
Provide a brief overview of the background or facts of the dispute, highlighting the areas of conflict.
05
Clearly outline the proposed settlement terms and conditions. Specify any monetary amounts or other offers being made.
06
Clearly state that the settlement offer is being made under Rule 408 of the applicable legal jurisdiction, which ensures that the settlement offer is protected from use in future litigation as evidence of admission.
07
Request the other party's acceptance or counteroffer within a specific timeframe.
08
Include a statement that the settlement offer is without prejudice, meaning that it cannot be used against either party in any future proceedings.
09
Conclude the letter by reiterating your desire to reach a mutually beneficial resolution and expressing a willingness to negotiate further if necessary.
Who needs a rule 408 settlement letter:
01
Individuals involved in a legal dispute who wish to make a settlement offer without the risk of their offer being used against them in future litigation.
02
Lawyers or legal representatives representing clients in a legal dispute who want to propose a settlement that is protected from admission as evidence.
03
Parties who want to resolve a dispute through negotiation or mediation rather than going through a lengthy and expensive litigation process.
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What is rule 408 settlement letter?
A Rule 408 settlement letter is a document used in the context of settlement discussions during legal proceedings, where parties aim to resolve disputes without litigation.
Who is required to file rule 408 settlement letter?
Typically, both parties engaged in settlement discussions may prepare and exchange a Rule 408 settlement letter, but it is not mandatory for all parties to file one.
How to fill out rule 408 settlement letter?
To fill out a Rule 408 settlement letter, include the names of the parties involved, a clear statement of the dispute, the terms of the settlement being proposed, and any conditions or contingencies regarding the offer.
What is the purpose of rule 408 settlement letter?
The purpose of a Rule 408 settlement letter is to facilitate negotiation between parties by outlining settlement terms, while preserving the confidentiality of the discussions to help avoid litigation.
What information must be reported on rule 408 settlement letter?
The Rule 408 settlement letter should report the parties' names, the nature of the dispute, the proposed settlement terms, and any limitations on the use of the letter or discussions in future litigation.
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