What is the difference between a settlement and a verdict?

A settlement and a verdict are two different outcomes of an accident lawsuit that are both possible in Arizona. A settlement is an outcome that is reached before the case goes to court, and usually requires both parties to agree to an amount of money that is to be paid out to the plaintiff (the person filing the lawsuit). In some cases, the settlement may also require the defendant to admit responsibility for the accident, or require the defendant to take certain actions. Settlements are generally thought to be the faster and less expensive option, as they do not require the time and resources of a court trial. A verdict, on the other hand, is an outcome that is reached after a court trial has been held. The verdict is decided by a jury, who listens to the evidence presented and decides whether or not the defendant is liable for the accident. If the jury finds the defendant liable, they will decide how much the plaintiff should be awarded in damages. This amount is the verdict. Verdicts can take longer to be reached than settlements, but they can also result in higher awards of damages for the plaintiff. In Arizona, both settlements and verdicts are possible outcomes of an accident lawsuit. Depending on the circumstances of the case, either one may be the better option for the plaintiff in terms of time and money.

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What is the difference between a settlement and a verdict?

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