Online Negotiation

Online
Negotiation

FREE

If a settlement is reached: 2.5% of the final amount per party

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?

  1. Even if the opposing party doesn’t want to negotiate with you, having an open communication channel increases your chances of settling your dispute.
  2. More than 90% of cases settle, even if parties aren’t willing to consider each other’s position at first.
  3. BidSettle is 10 times cheaper than a lawyer*.
  4. Avoid an expensive trial: on average, a 2 to 3 day trial costs between $20 000 and $30 000.
  5. To get what you’re owed quickly.
  6. Registration takes less than 10 minutes.
  7. It’s safe and non-confrontational (no contact with the opposing party).
  8. * Based on Canadian Lawyer

Included in the Service

  1. An unlimited amount of offers and counter-offers
  2. Electronic signature
  3. If settled, an official BidSettle Out of Court Settlement is provided: this is proof that your dispute settled amicably

How it Works

  • 1 | Register

    The party that begins the BidSettle process (the “Initiator”) must register. The Initiator then enters the coordinates of the other party, the “Respondent”, as well as his email address and invites him to register on the website.

  • 2 | Describe the Dispute to Negotiate

    The Initiator identifies the dispute to negotiate, whether it’s a judicial dispute or a non-judicial dispute. For judicial disputes, the Initiator sends an offer to settle the dispute to the Respondent. For non-judicial disputes, the Initiator can either send his version of the facts of the dispute at stake to the Respondent, or the unpaid invoice.

    For judicial disputes, the Respondent must make sure that the identified dispute is the right one. For non-judicial disputes, since there are no numbers associated with them, the Respondent must verify that the facts laid out by the Initiator are generally accurate and that there are no major inconsistencies between the Initiator and Respondent’s versions. If it is an unpaid invoice, it is imperative for the Respondent to authenticate the invoice prior to commencing the process.

  • 3 | E-Sign the Contract

    You will be redirected to a platform that allows BidSettle to verify your identity. You will then have to accept the Terms and Conditions of BidSettle and sign electronically. At this step, you will need your mobile phone, as an access code for the e-signature software will be sent to it by text message.

  • 4 | Make Offers and Counter-Offers

    Offers and counter-offers last as long as there is no consensus between the parties. In order to settle, the claimed amount must be equal or lower than the offered amount. If the bids (offers) do not overlap, there is no settlement. All bids remain confidential until there is a settlement.

  • 5 | Payment

    As soon as there is a settlement, each party pays a 2.5% transaction fee of the final amount to BidSettle, plus applicable taxes.

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