A settlement represents a resolution to a dispute. The agreement can include financial damages or other actions, such as the dismissal of any further litigation. Settlements typically occur inside board rooms with attorneys from each side and a court-appointed presider. If discussions fail, the case will continue to a trial in front of a judge.
No, a settlement is a negotiation. Unlike a trial, most settlements have no clear winner or loser because the primary objective is to compromise. Still, settlement talks can feel combative, and it is not uncommon for one side or the other to act in less than good faith, which is why courts may appoint a mediator or some other professional to oversee the proceedings.
Settlements are typically more favorable than trials for many reasons. First, trials are expensive and time-consuming. Second, settlements allow for freer negotiations and take less time even more so with the PDFSimpli forms. Finally, settlement talks are the best way for personal injury plaintiffs to access money quickly. That said, not all settlements will have positive outcomes for plaintiffs.
