While it can’t match the drama of a judge reaching a decision after a long hard-fought trial, settlements are an efficient and relatively low-cost way to resolve disputes between parties. Settlements allow businesses or individuals to maintain some level of control over their expenses and avoid the risky gamble of a judge’s decision. Settlements also take effect immediately upon being approved by the court, which saves time and expense when compared to a potentially lengthy appeals process. For these reasons, a majority of legal disputes are resolved though settlements through negotiations or mediation. Settlements are negotiated between the parties, sometimes […]