Monday, 19 August 2013

Out-of-court settlements: When going to court is too much trouble

When two parties have a case, the usual resolution to the conflict that led to it isn’t always a drawn-out trial in a court of law. At times, a long drawn-out legal battle would be a considerable effort on the part of the plaintiff and defendant, and they may -- if they choose to agree on certain terms -- settle the dispute out of court.

Image source: ecba.com

Out-of-court settlements are agreements settled by parties of a pending lawsuit done to resolve the dispute without the supervision of a judicial entity. In these agreements, the dissenting parties usually agree to hold no more interventions from a judge or other supervising entity afterward. In some places, some resolution must be sought before a trial can even begin.

Image source: worldbank.org

These settlements are usually seen as an alternative to a costly litigation, providing the dissenting parties with the compensation that resolves both their issues without resorting to an arduous trial in the courts. This is doubly so if the plaintiffs are uncertain if their case would stand in a court of law; a case that isn’t valid stands to act only to waste their time in court.

Image source: detroit.cbslocal.com

Settlements are also preferable to trials in cases where the parties would not get as much from their case in court, particularly if the costs of the trial do not justify the awards one might get from a trial.

For further details on out-of-court settlements, visit this webpage.

Lawyers, like Craig Seldin, are often sought out to help facilitate out-of-court settlements. Visit this website for more information.

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