What type of resolution does a Settlement lead to?

A settlement leads to a voluntary agreement between disputing parties to resolve their conflict without the need for further legal proceedings. In the context of legal disputes, both sides come together to negotiate terms that are mutually acceptable, which can help save time, reduce costs, and minimize the emotional toll associated with litigation.

This process allows the parties to have control over the outcome and promotes a tailored resolution that may address their specific needs and interests, rather than leaving the decision in the hands of a judge or arbitrator. A settlement can encompass various terms, such as payment of damages, changes in behavior, or other agreed-upon actions.

In contrast, a formal ruling by a judge, mandatory arbitration outcomes, or a public trial and verdict do not reflect the nature of a settlement. These alternatives typically involve third parties making binding decisions or adjudications regarding disputes, rather than the parties collaborating to find a resolution on their own terms.