notice of settlement

A notice of settlement is a formal notification issued by the parties involved in a legal case to inform the court and relevant parties that they have reached an agreement to resolve the case before it proceeds to a full trial. This notice typically includes details about the settlement, such as terms or the intention to dismiss the case. Its purpose is to officially record the resolution, allowing the court to close or stay proceedings accordingly, and to prevent unnecessary continuation of litigation when the parties have settled their dispute.