Defining Settlements in Legal Terms A lawsuit settlement is an agreement reached between disputing parties to resolve a legal case without going to trial. Settlements are typically negotiated by the parties involved, often with the assistance of their attorneys, and can be reached at any point during the litigation process. The terms of a settlement are usually confidential and can include any combination of monetary compensation, actions that one party must perform, or other forms of relief. The Process of Reaching a Settlement Reaching a settlement involves several steps: Initial negotiations begin once a party makes a settlement offer. Exchange of information occurs, where both sides present evidence and arguments. If necessary, a neutral third party, such as a media...
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