In Civil Law, Settlement refers to the legal agreement adopted by opposing parties before or during court proceedings, spelling out the negotiated terms and obligations that all will accept to officially end a dispute.

1. WHAT IS A
SETTLEMENT?

2. What is a Settlement?
In Civil Law, Settlement refers to the legal agreement adopted by
opposing parties before or during court proceedings, spelling out the
negotiated terms and obligations that all will accept to officially end a
dispute.

3. Why Choose a Settlement Agreement?
★ Settlement provides a quicker solution and alternative to an
ongoing court battle.
★ That directly translates into significant savings of time, money
and even damage to reputation.
★ The decision to offer and accept — or refuse — a settlement falls
to the parties in the case, calling upon the attorneys involved to
negotiate the exact terms of the agreement.

4. Types of Settlements
★ Structured Settlement
This type of settlement deal establishes scheduled periodic payments to meet the terms of
the agreement instead of one lump sum payment.
★ Class Action Settlement
When a group of people who have been wronged sue another person or entity, this is the
agreement that covers the specific terms for the entire group, or “class.”
★ Mandatory Settlement Conference
Many civil cases require a settlement conference as a first attempt to solve the dispute
between opposing parties. Parties and their lawyers will present an outlined version of their
side of the case and they will determine if an immediate agreement can be reached to settle
the case.

5. In Simple Terms...
Think of settlement, or settling out of court, as skipping right to the conclusion,
getting what all parties can agree on, and closing the case. Of course, when
negotiations break down and an agreement cannot be met, that’s when the parties in
the case get a judge and jury involved in a trial to make a decision as to what the
consequences and repayments will look like.

6. FOR MORE INFORMATION ABOUT
SETTLEMENTS & ACCIDENT PREVENTION
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