Negotiated Settlement

A negotiated settlement is an agreement reached by two or more parties to resolve a dispute without going to court. It involves open discussions where parties communicate their concerns and work together to find a mutually acceptable solution. This process often saves time, money, and emotional stress compared to litigation. Once an agreement is reached, it is usually put into a formal contract or document, making it legally binding. Negotiated settlements are common in legal cases, business disputes, and negotiations, emphasizing cooperation and flexibility over adversarial confrontation.