Settle
Term · Law · MLC-T-LAW-004505
To resolve a legal dispute through a mutual agreement between the opposing parties without a full trial. This resolution, called a settlement, involves the plaintiff agreeing to drop the lawsuit in exchange for a specified action or payment from the defendant. A settlement agreement is a binding contract that, once executed, concludes the litigation and is enforceable by a court.
| Identifier | MLC-T-LAW-004505 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004505",
"term": "Settle",
"field": "Law",
"definition": "To resolve a legal dispute through a mutual agreement between the opposing parties without a full trial. This resolution, called a settlement, involves the plaintiff agreeing to drop the lawsuit in exchange for a specified action or payment from the defendant. A settlement agreement is a binding contract that, once executed, concludes the litigation and is enforceable by a court.",
"url": "https://mlchart.com/terminology/law/settle/"
}
Record 4,582 of 5,441 in Law terminology (MLC-0107). Request the full dataset.