An agreed statement of facts is a document that is prepared and agreed upon by two or more parties prior to a trial. This document sets out the parties’ understanding of the relevant facts and other elements that will be used to determine the outcome of the case.
An agreed statement of facts is an important tool used by lawyers to help the court reach a decision on the dispute. It is intended to streamline the legal proceedings and avoid costly and lengthy trials, ultimately helping move matters towards an amicable resolution.
What Is an Example of an Agreed Statement of Facts?
An example of an agreed statement of facts may be that two companies, ABC Corp and XYZ Inc., have an ongoing dispute about a contract that was signed on April 1, 2020. The agreed statement of facts for the case might include the provisions in the contract, details about any alleged breaches of the contract, and the dates and duration of the agreement.
Are There Any Benefits to Using an Agreed Statement of Facts?
Yes, there are several benefits to using an agreed statement of facts. It can help to save time and money in a dispute, as it allows the parties to be clear about the relevant facts without having to go through lengthy legal proceedings. Additionally, an agreed statement of facts can clarify any confusion and make it easier for the court to decide on a case. Finally, an agreed statement of facts may also help the parties reach an amicable solution or settlement, as it outlines the relevant facts of the case.