Civil Litigation · glossary
Counting the damages a party claims against a sum it owes, so one cancels the other in whole or in part. A full win of £300,000, less the £40,000 invoice, would leave Ravensett £260,000. Reply and Defence to Counterclaim, paragraph 8 · Chapter 5 · see Counterclaim
Explained in Chapter 5, The Defence, the Counterclaim and the Liability Cap, of Civil Litigation.
Also explained in Derivatives, Venture Deals and English Law Basics.
Set-off lets a claimant count the damages it claims against a sum it owes, so one cancels the other, in whole or in part.Read Chapter 5, The Defence, the Counterclaim and the Liability Cap →
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