Solicitors & Lawyers
Legal Definitions
Term: settlement
1.
A legal dispute resolved not by a judgment of the court but by the parties reaching a settlement. The settlement may be reached by negotiation or mediation.
Usage: The claimant agrees to accept £14,000 in full and final settlement of the £24,000 in unpaid invoices.
Related Words: dispute; negotiation; mediation; lawyer; barrister; solicitor.
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