settlement negotiation

Settlement negotiation is a process where parties in a dispute come together to resolve their differences without going to trial. It involves discussions aimed at reaching a mutually acceptable agreement, often involving compromises from both sides. This can save time, reduce legal costs, and provide more control over the outcome compared to a court decision. Settlement negotiations can occur in various contexts, such as legal cases, business disputes, or personal conflicts, and are typically facilitated by lawyers, mediators, or negotiators who help guide the conversation toward a resolution.