Sunday, December 21, 2014 10:46 AM 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, 2013 - Financial Times

Report: Fox, Lewis reach settlement

Dec 07, 2013 - Politico

UK banks speed up swaps mis-selling payout

Dec 06, 2013 - Independent

Articles About Settlement

Billionaire James Packer, who is reportedly the new boyfriend of Australian supermodel Miranda Kerr, was involved in a street brawl with friend and fellow mogul David Gyngell in Sydney.
Erica Packer Reunites With Casino Mogul James Packer This Holiday Season

By IBTimes AU

The estranged couple is reuniting back. (2:06 pm)

MORE TOPICS: AUSTRALIA, LOS ANGELES

Michelle Young arrives at The Royal Courts of Justice in London April 13, 2011.
Noelle Reno Likens Death of Boyfriend Scot Young To Losing A ‘Best Friend’

By IBTimes AU

Noelle Reno mourns the death of her fiance Scot Young. (Dec 18)

MORE TOPICS: RETAIL, LONDON

Prescription Drug Caused Compulsive Gambling
Pfizer Proposed Payout to Parkinson’s Drug Victims

By IBTimes AU

Pfizer proposed a compensation payout to Parkinson’s disease patients who have been distressed by risk-taking behaviours and consequences after taking the Parkinson's drug. (Dec 10)

MORE TOPICS: PFIZER, COURT, AUSTRALIA, LAW FIRM

Mariah Carey And Husband, Nick Cannon arrive at the 20th annual Screen Actors Guild Awards in Los Angeles
Mariah Carey-Nick Canon Split: Couple To Fight For Kids Custody, Property Settlement Yet To Happen

By IBTimes AU

Carey appeared late for her recent singing performance as she is entangled in divorce proceedings with Canon. (Dec 08)

MORE TOPICS: COURT, SILVER

n office worker walks past an Australian Securities Exchange (ASX) window showing the main losses for the day in central Sydney July 23, 2012. Australian shares slumped 1.7 percent on Monday, the biggest one-day fall in seven weeks, as investors fled from
New Zealand Hanover Finance Scandal Taking Political Hues: Labour Party Demands Fresh Probe

By IBTimes AU

The money lost by the investors needs to be recovered from those responsible for the scam. (Dec 05)

MORE TOPICS: COURT

Khloe Kardashian arrives at the 2014 Elton John AIDS Foundation Oscar Party in West Hollywood
French Montana To Propose To Khloe Kardashian After Lamar Odom Divorce Is Finalised—Report

By IBTimes AU

French Montana reportedly plans to pop the question to girlfriend Khloe Kardashian as soon as her divorce with Lamar Odom is finalised. (Dec 03)

MORE TOPICS: NEW JERSEY, HOLLYWOOD

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. (Nov 27)

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