EyeOfTheTiger

just received an email from the lawyers

When we spoke last week, I explained that, if ******** are forced to bring Court proceedings against you for recovery of damages, it would seek to recover its legal costs (which would be significantly higher than they are currently), and additionally would be entitled to elect between recovery of (i) your profits and (ii) damages for trade mark and copyright infringement. The damages sum is likely to be very high, especially given that the Court generally has little sympathy for cybersquatters.

Given your prompt response to our letter, however, I confirm that ******* would be prepared to accept a substantially reduced contribution to its costs and damages, namely the sum of £10,000, if we are able to conclude this dispute quickly and without further cost. Our client is not prepared to accept a payment in instalments - it is not for ******** to provide credit in that manner. However, if you are likely to have difficulties with payment, then you will be aware that you may be able to obtain bank loans which can be repayable over time.

This offer is open until 4pm on 5 May 2009. Our client's costs increase with every email or letter we write, and accordingly, should you reject this offer now our client reserves its rights to seek recovery of the full amount to which it is entitled.

Finally, you are unable to accept this offer and pay the sum sought, let me know. It is possible that I can persuade ******** to let you speak with them directly. However, for the avoidance of doubt, I could only arrange that if you were able demonstrate exceptionally good reasons why you cannot accept the offer, and could let me know what sum you could pay in lieu.

So now what - bend over or fight ? With risk of further costs and damages ...

I simply cant afford this...

Tiger