Friday, November 28, 2014 12:31 PM EST

Settlement

In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. The term "settlement" also has other meanings in the context of law.

A settlement, as well as dealing with the dispute between the parties is a contract between those parties, and is one possible (and common) result when parties sue (or contemplate so doing) each other in civil proceedings. The plaintiff(s) and defendant(s) identified in the lawsuit can end the dispute between themselves without a trial.

The contract is based upon the bargain that a party foregoes its ability to sue (if it has not sued already), or to continue with the claim (if the plaintiff has sued), in return for the certainty written into the settlement. The courts will enforce the settlement: if it is breached, the party in default could be sued for breach of that contract. In some jurisdictions, the party in default could also face the original action being restored.

Headlines Around the Web

Sebi not to settle insider trading cases

Dec 25 - The Times of India

Sensex falls 68 points ahead of F&O expiry

Dec 24 - The Times of India

Judge approves $500m BofA mortgage deal

Dec 07 - Financial Times

Articles About Settlement

A Bushel of Soybeans
Bonsoy To Recompense Milk Victims

By IBTimes AU

Producers of the popular milk alternative, Bonsoy have agreed to the settlement of AU$25 million to compensate 496 victims of food poisoning. (2:48 pm)

MORE TOPICS: COURT, SUPREME COURT, LAW FIRM, AUSTRALIA

CBC personality Jian Ghomeshi arrives on the red carpet at the 2014 Canadian Screen awards
Jian Ghomeshi Comes to Settlement with CBC, Drops $55-Million Lawsuit

By IBTimes AU

The former CBC host dropped his lawsuit against his former employees. (Nov 26)

MORE TOPICS: COURT, LAWSUIT

New Zealand's Prime Minister John Key
Historians Question PM John Key's 'Shallow' Knowledge Of New Zealand History

By IBTimes AU

Historians in New Zealand reacted to Prime Minister John Key's statement that New Zealand was settled peacefully. (Nov 26)

Jordan's Prince Ali bin al-Hussein
Israel''s Al Aqsa and East Jerusalem Issues Threatening Its Multi Billion Gas Deal With Jordan

By IBTimes AU

Israel and Jordan had cordial bilateral ties beore the Al Aqsa issue started threatening it. (Nov 24)

MORE TOPICS: ISRAEL, EGYPT

American Actor Bill Cosby
Two More Women Accuse Bill Cosby Of Sexual Abuse As Various Scheduled Shows Get Cancelled Abruptly

By IBTimes AU

The actor may not comment or react; but the allegations are affecting his work badly. (Nov 23)

MORE TOPICS: NETFLIX, COURT, ARIZONA, LAWYER, LAWSUIT

Mariah Carey And Nick Cannon
Mariah Carey-Nick Cannon Divorce: Mariah Claims Infidelity, Nick's Affair With Amber Rose To Blame -- Report

By IBTimes AU

Sources claimed Mariah is likely to cite infidelity in the divorce proceedings especially since Nick had allegedly impregnated Amber Rose. (Nov 21)

New Zealand's Prime Minister John Key
John Key Says Britain Settled New Zealand 'Peacefully' Despite Tribunal Report Findings

By IBTimes AU

New Zealand PM John Key believes New Zealand was settled peacefully by the Crown despite records showing thousands have died in land wars. (Nov 21)

A woman looks at the painting 'The Banquet of Gina and Ginia' by artist Warren Lane at the Bald Archy Prize exhibition in Sydney April 6, 2013. The portrait depicting Australia's iron ore magnate Gina Rinehart eating a chocolate cake as her daughter Ginia
Gina Rinehart Loses Bid To Keep Family Feud Lawsuit Details Private; 2 Estranged Children Seek Millions In Mining Profit

By IBTimes AU

Australians could expect a fresh round of juicy details about the country's biggest family feud involving its richest person - Gina Rinehart and her four adult children, two of whom are estranged from the mining tycoon. (Nov 20)

MORE TOPICS: CHINA, COURT, AUSTRALIA, LAWSUIT

Khloe Kardashian At The 2014 Elton John AIDS Foundation Oscar Party
Khloe Kardashian Lamar Odom 2014: ‘KUWTK’ Star Still Stuck On Hurt Over Split

By IBTimes AU

Khloe Kardashian has shared another message in an Instagram post, suggesting she might still be hurting over her split with Lamar Odom. (Nov 19)

MORE TOPICS: HOLLYWOOD

A man passes by the debris of a damaged house at a street in Paruro after a 5.1 magnitude earthquake hit Cuzco, September 28, 2014. At least eight people were killed by a 5.1 magnitude earthquake that hit rural southern Peru over the weekend, emergency au
Strong 6.7 Quake Jolts New Zealand, No Tsunami Warning Issued

By IBTimes AU

New Zealand's been stricken by a 6.7 magnitude earthquake on Monday, but authorities assured no tsunami will happen after it. (Nov 17)

MORE TOPICS: JAPAN, EARTHQUAKE, TSUNAMI