If you can’t agree, you pay no fee!
If your dispute is settled: 2.5% of the settled amount, per party, plus applicable taxes. If it doesn’t settle, it’s free!
After you pay the 2.5% transaction fee, BidSettle automatically generates a Settlement Agreement and sends it to both parties. This Settlement Agreement is proof that you have settled your Dispute amicably with the other party and in the event that you must go to Court, this evidence could be very useful.
BidSettle is not responsible if one of the parties does not pay the amount indicated in the Settlement Agreement. We will, however, suggest different options to facilitate these payments.
HERE IS AN EXAMPLE:
If you settle for $1000, the plaintiff shall pay BidSettle $25 (plus tax) and the defendant shall also pay $25 (plus tax). (In this example, the defendant must also pay $1000 to the plaintiff.) If there is no settlement, there is no charge for the BidSettle service. Remember that $25 is about the cost of 5 minutes of consultation with a lawyer in a metropolis...
Why Negotiate Online?
- Even if the opposing party doesn’t want to negotiate with you, having an open communication channel increases your chances of settling your dispute.
- More than 90% of cases settle, even if parties aren’t willing to consider each other’s position at first.
- BidSettle is 10 times cheaper than a lawyer*.
- Avoid an expensive trial: on average, a 2 to 3 day trial costs between $20 000 and $30 000.
- To get what you’re owed quickly.
- Registration takes less than 10 minutes.
- It’s safe and non-confrontational (no contact with the opposing party). * Based on Canadian Lawyer
Included in the Service
- An unlimited amount of offers and counter-offers
- Electronic signature
- If settled, an official BidSettle Out of Court Settlement is provided: this is proof that your dispute settled amicably
How it Works
Example of an Online Negotiation
Here is an example of an Out of Court Settlement that was automatically generated by BidSettle’s smartforms.
“BidSettle.com is a commendable initiative for people who intend to settle their non-complex lawsuits at little cost and this project fits well into the new judicial culture.”The Honourable François Rolland - Chief Justice of the Superior Court of Quebec from 2004 to 2015