Legal Settlement

A legal settlement is an agreement reached between parties in a legal dispute, often before a trial occurs. It typically involves the resolution of claims or disputes whereby one party agrees to pay a certain amount of money or take specific actions, while the other party agrees to relinquish further claims related to the matter. Settlements are intended to avoid the costs, uncertainties, and time associated with litigation. They can cover various types of legal issues, including civil, contractual, and personal injury disputes. A legal settlement is usually formalized in writing and may require approval by a court, depending on the nature of the case.