AZ HB2387

Amends Arizona Revised Statutes section 12-341.01 to modify when attorney fees can be awarded in contract disputes.

Changes the standard for awarding fees to a settlement offer offeror by including "reasonable attorney fees incurred up to the date of the offer" in the calculation of whether the final verdict is equal to or more favorable than the written settlement offer.

Replaces "judgment" with "verdict" in the statute language regarding the comparison of final outcomes to settlement offers.

Clarifies that courts (not juries) shall award reasonable attorney fees under this section and that awards cannot exceed the amount of attorney fees actually paid or agreed to be paid.

Maintains that courts may award reasonable attorney fees to the successful party in any contested action arising out of a contract, subject to the conditions specified in the statute.