Thursday, April 24, 2014 10:55 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

Kashmiris Wary as Modi Challenges for Power
Kashmiris Wary as Modi Challenges for Power

By Reuters

Mohammad Amin Pandith, a smallholder and father-of-three from Indian-controlled Kashmir, was lured from his home at night by a man in army uniform, dragged along a potholed lane and shot in the back of the head. (1:58 pm)

MORE TOPICS: HUMAN RIGHTS, PAKISTAN, ELECTIONS, INDIA, CONGRESS

Chitrangada Singh
Chitrangada Singh Divorces Golfer Husband Jyoti Randhawa: Reports

By IBTimes IN

Sultry actress Chitrangada Singh and husband Jyoti Randhawa have reportedly parted ways legally after months of speculation. (Apr 18)

MORE TOPICS: COURT

GTA 5
GTA 5: Xbox One, PlayStation 4 Versions Get Listed by Romanian Retailer; Glitch Lets You Make Unlimited Money after 1.12 Patch

By IBTimes IN

A Romanian retailer has listed the Xbox One and PlayStation 4 versions of GTA 5 for pre-ordering on its website. (Apr 14)

MORE TOPICS: COURT, RETAIL, FACEBOOK

A worker for Israel Antiquities Authority pours water on mosaic in Hura
Israel Appropriates Land in West Bank - Newspaper

By Reuters

Israel has carried out a new land appropriation in the occupied West Bank, the Haaretz daily said on Sunday, in a move that could complicate efforts to extend troubled peace talks with the Palestinians. (Apr 14)

MORE TOPICS: ISRAEL, HUMAN RIGHTS

'Suits' Season 3 Finale [Episode 16] RECAP 'No Way Out': Mike Decides to Become Harvey's Client [SPOILERS]

By IBTimes AU

The end often sets-up the board for a new game to begin. "Suits" Season 3 finale, "No Way Out," has done exactly that. In the final moments of the final episode, Mike asks Harvey to give him the permission to go. Harvey extends his hand to Mike for a handshake. (Apr 11)

MORE TOPICS: LAWYER

Hrithik Roshan and Karan Johar
Hrithik Roshan Did Not Quit 'Shuddhi' over Profits, Clarifies Karan Johar

By IBTimes IN

Filmmaker Karan Johar has dismissed reports which alleged Hrithik Roshan had quit "Shuddhi" over profit percentage deal. (Apr 10)

“Suits” Season 3 RECAP Episode 15, ‘Know When to Fold Em’: Harvey is Upset [Spoilers]

By IBTimes AU

Harvey and Mike's association is like a love relationship. It has respect and trust and also they admire and care about each other. The poker-faced Harvey may not say it in words, but he values Mike and sees him as a permanent ally. (Apr 04)

MORE TOPICS: NEW YORK, LAWYER, LAWSUIT, INVESTMENT

Mars One Mission: Student Among 1000 Finalists, Project Simulates Mars on Earth

By IBTimes AU

The mission to colonize the red planet continues. While more than 200,000 people have applied for this epic-like attempt to conquer Mars, a short list of 1000 applicants for the Mars One Mission has already been released. A student of Rutgers is among those shortlisted. (Apr 02)

Palestinian President Mahmoud Abbas attends the Arab League Foreign Ministers emergency meeting in Cairo
Abbas Signs International Conventions; Kerry Cancels Visit

By Reuters

Palestinian President Mahmoud Abbas signed more than a dozen international conventions on Tuesday, citing anger at Israel's delay of a prisoner release in a decision that jeopardised U.S. efforts to salvage fragile peace talks. (Apr 02)

MORE TOPICS: ISRAEL, COURT, INTERNATIONAL LAW, CONGRESS

Kim Kardashian (Photo: Reuters)
Ray J Has a New Sex Tape to Piss Off Kim Kardashian? Find Out Kanye West’s Reaction

By IBTimes AU

The rapper currently has a new ‘sex flick’ taped although it is not with Kim Kardashian; the woman featured in the film includes Joan Rivers, a much older woman than the reality star. (Mar 31)

MORE TOPICS: LAWSUIT, KIM KARDASHIAN