If your dispute is settled: 2.5% of the settled amount, per party, plus applicable taxes. If it doesn’t settle, it’s free!
You can make as many offers and counter-offers as you want!
After you pay the 2.5% transaction fee, BidSettle automatically generates an Out of Court Settlement Agreement.
It’s much cheaper than going to court!
If you can’t agree, you pay no fee!
EXAMPLE – HIDDEN (OR “LATENT”) DEFECT
You purchase a house and unfortunately discover a hidden defect as the foundations are severely cracked. You register: free. You make as many offers and counter-offers on the website: free. You request $1000 (confidential offer that opposing party cannot see) and the opposing party counter-offers at $3000 (also a confidential offer).
Payment: the offer and counter-offer overlapped so BidSettle’s algorithm makes both offers meet halfway and generates a Settlement Agreement at $2000. You must then pay the $50 (plus tax) transaction fee to BidSettle (2.5% of $2000) and the opposing party shall pay the exact same amount.
You will then receive your Out of Court Settlement. In this example, the opposing party will also have to pay you $2000. You will also receive proof that the opposing party accepted to pay you this amount in order to settle the dispute.