What is the meaning of the word "without prejudice" in the context of privileged correspondence?

British Columbia, Canada


The following excerpt is from DeBathe et al v. T.A. Steadman Holdings Inc. et al, 2001 BCSC 1817 (CanLII):

At para. 14 of the Denovan v. Lee decision the court stated: ... All the correspondence relating to the negotiations is privileged and, whether marked “without prejudice” or not, it should remain so unless both parties agree that the privilege be waived. ...

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