Legal Settlement
A legal settlement is an agreement reached between parties involved in a legal dispute, often before a trial occurs. This agreement typically resolves the issues at hand, allowing both sides to avoid the uncertainties and expenses of a court case. Settlements can involve monetary compensation, changes in behavior, or other terms that both parties find acceptable.
In many cases, legal settlements are negotiated with the help of lawyers or mediators. Once an agreement is reached, it is usually documented in a formal contract, which may include clauses that prevent either party from discussing the details publicly. This process can save time and resources for everyone involved, including the court system.