offer and acceptance

Question 1

what happens in offer and acceptance?

Answer 1

if offer accepted, agreement reached, becomes binding resolution

Question 2

pros?

Answer 2

simplest form of non-adj ADR, greatest possible way of saving time and money

Question 3

do contractual principles apply?

Answer 3

yes

Question 4

when is it most ideal?

Answer 4

limited number of issues to avoid misunderstandings about agreed terms

Question 5

when is it not ideal?

Answer 5

complex cases

Question 6

why not ideal for complex cases?

Answer 6

exploration of offer may lead to a further exchange of letters and confusion of terms

Question 7

what is the offer protected by?

Answer 7

without prejudice privilege=confidential=cannot be referred to in court

Question 8

how can parties refer to an offer in relation to courts discretion of costs?

Answer 8

make it an open offer or without prejudice save as to costs

Question 9

how to obtain the best possible advantages as regards costs?

Answer 9

offer should comply with terms of CPR Part 36