Settlement negotiations are discussions between parties involved in a dispute, aiming to reach an agreement without going to trial. These negotiations often occur in legal contexts, such as lawsuits or contract disputes, where both sides present their positions and try to find common ground. During these negotiations, parties may exchange offers and counteroffers, considering factors like potential costs, risks, and benefits of settling versus continuing litigation. Successful settlement negotiations can lead to a mutually acceptable resolution, saving time and resources for both parties involved.