The Role of Settlements in Legal Compensation/ What Victims Need to Know
Definition and Types of Settlements A legal settlement is an agreement reached between disputing parties to resolve a lawsuit before it goes to trial. This often involves the defendant agreeing to compensate the plaintiff with a certain amount of money in exchange for the plaintiff dropping the case. Settlements can be reached at any point during the legal process and are typically the result of negotiations between the parties involved. There are several types of settlements, including: Lump-Sum Settlements: A one-time payment made to the plaintiff to cover all damages. Structured Settlements: Payments are made to the plaintiff over a...