What is the difference between a settlement and a verdict?

A settlement and a verdict are two important decisions that can be made in an accident law case in South Carolina. A settlement is a decision reached between parties involved in a civil case outside of court. It generally involves an offer of money for an admission of fault or guilt. This requires both parties to reach an agreement on an amount of money to be paid by one party to the other. Both parties must agree to the amount before it is finalized. A verdict is a decision reached by a judge or jury after a trial in a court of law. Once the jury or judge has heard all the evidence and testimony, they will make a decision to determine fault or responsibility, and what type of compensation should be awarded. This can include damages due to medical costs, property damage, and any other relevant costs. Both a settlement and a verdict are legally binding decisions and once they are made, they must be followed by both parties involved. Settlements are often the preferred option as they are generally much faster and less expensive than taking a case to a trial. However, some cases may be too complex to reach a settlement and require a verdict to be made in a court of law.

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