Financial Glossary what is without-prejudice


Without Prejudice

The basic meaning is without loss of any rights. It is a term used when two parties are in dispute, and one makes a settlement offer to the other. It puts without prejudice on its offer to make it clear that the settlement offer should not be construed as a waiver of rights. Importantly, communication marked without prejudice cannot be used in evidence in court proceedings if the attempts at settlement fail.
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