Tuesday, October 21, 2014 11:08 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 Marsokhod Mars Rover Model Is Exhibited At The Institute of Space Research
Mars One To Establish Human Settlement In Mars By 2025; MIT Researchers Say It Is 'Not Feasible'

By IBTimes AU

A study by MIT researchers found the Mars One project would not be practical and the humans could survive for only 68 days. (Oct 16)

Russia's President Vladimir Putin delivers a speech
Putin And Poroshenko to Discuss Ukraine Peace on Friday

By IBTimes AU

Vladimir Putin will have peace talks with Ukrainian President Petro Poroshenko on Friday. (Oct 15)

MORE TOPICS: RUSSIA, UKRAINE

Housing
New Zealand Minister Blames Local Councils For Creating Housing Crisis

By IBTimes AU

The decision to go for public-private partnership in housing sector will be a good policy change provided the results are good. (Oct 08)

MORE TOPICS: EARTHQUAKE

French Montana's $2 Million Divorce From Dean Kharbouch: Rapper Is Officially Single

By IBTimes AU

French Montana has finally divorced his wide Dean Kharbouch and is now a single man. (Oct 01)

MORE TOPICS: COURT, NEW JERSEY

AU Tightens Cambodia Relation With $40m Aid And Bilateral Agreement On Refugees

By IBTimes AU

Australia provides additional $40m in assistance to Cambodia while entering a bilateral agreement on refugees. (Sep 29)

MORE TOPICS: AUSTRALIA, UNITED NATIONS

Wiz Khalifa At The 2014 Billboard Music Awards In Las Vegas
Wiz Khalifa Fine With Amber Rose Split And Divorce Settlement, But Fighting For Joint Custody Of Child

By IBTimes AU

Wiz Khalifa wants joint custody of 1-year-old Sebastian. (Sep 27)

MORE TOPICS: CALIFORNIA, TWITTER

Sri Lankan asylum seekers who were sent back by Australia wait to enter a magistrate's court in Galle
Australia Inks Controversial Asylum Deal With Cambodia

By IBTimes AU

The deal is under fire saying Cambodia is being used as a dumping ground for refugees though Australia is denying it. (Sep 27)

MORE TOPICS: AFGHANISTAN, IRAQ, HUMAN RIGHTS, AUSTRALIA

Randy Jackson
'American Idol' Randy Jackson and Erika Riker Divorced Due To Irreconcible Differences

By IBTimes AU

Randy Jackson and wife split after 18 years of marriage. (Sep 27)

MORE TOPICS: AMERICAN IDOL, CALIFORNIA, TWITTER

WBC/WBA welterweight champion Floyd Mayweather Jr.
Boxing News 2014: Yahoo Sports Calls Mayweather Hypocrite Over The Way Fighters Are Treated In His Gym; Money May Says Its Staged

By IBTimes AU

As the boxing community waits for the result of Floyd Mayweather Jr's appearance before the Nevada State Athletic Commission on Tuesday to explain two scenes shown on the Showtime programme All Access, a news Web site hit the boxer for his alleged hypocrisy. (Sep 24)

MORE TOPICS: LAWSUIT

Flood in Makati
Fung-Wong More Like Ketsana Than Haiyan; Kills 1, Displaces 470,000 Filipinos & Paralyses Metro Manila

By IBTimes AU

With its rainfall of 266 millimetres over less than 24 hours, Typhoon Fung-Wong (Mario) is now being compared more to the destructive Ketsana (Ondoy) that inundated Metro Manila for one week in September 2009 than the Super Typhoon Haiyan (Yolanda), ... (Sep 19)