What is the difference between a settlement and a verdict?

A settlement and a verdict are two main outcomes of an accident law case in Texas. A settlement is an agreement between the parties involved in an accident that compensates one party for their losses. A settlement is most often negotiated by the parties’ attorneys and is made outside of court. A verdict, on the other hand, is a determination of the liability and damages awarded in an accident law case by a judge or jury. A verdict is usually preceded by a trial in which both sides present their arguments and evidence. After evidence is presented, the jury or judge will decide who is at fault and how much money the responsible party should pay in damages. In summary, settlements are reached out of court between the parties, while verdicts are reached in court by a judge or jury. Settlements are often seen as a quicker solution than a verdict because they don’t require as much effort or as much time. Additionally, settlements don’t require any appeals, whereas verdicts can be appealed if either party is not satisfied with the result.

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