Settlements - Alternative Dispute Resolution

Settlements - Alternative Dispute Resolution

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Business, Social Studies

University

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A settlement is a legal resolution of a dispute between parties, either before or during litigation. It involves negotiating and reaching a conclusion, often formalized through contracts that prevent further litigation. If litigation has begun, settlements can be submitted to the court for affirmation, resulting in a judgment that certifies the agreement. This process ensures the dispute is resolved legally and conclusively.

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3 mins • 1 pt

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