Commercial settlements refer to agreements made between businesses to resolve disputes or finalize transactions. These settlements can involve negotiations over terms, prices, or delivery schedules, ensuring that both parties reach a mutually beneficial outcome. They are often used to avoid lengthy legal battles and can include various forms of compensation or adjustments. In many cases, commercial settlements are formalized through contracts that outline the responsibilities and expectations of each party. This process helps maintain professional relationships and can lead to future collaborations. Common examples include settlements in contract disputes, mergers, or partnership agreements.