What is the difference between a settlement and a verdict?

The difference between a settlement and a verdict is an important one to understand in accident law in Washington. A settlement is an agreement between the plaintiff (the injured party) and the defendant (the party liable for the injury) for a predetermined amount of compensation for damages, such as medical expenses, lost wages, or other losses. Settlements can be negotiated outside of court or after a trial has begun. Generally, settlements are less risky for both parties and are often seen as a cost-effective way to resolve a dispute. A verdict, on the other hand, is the outcome of a trial which typically results in an award of damages from the defendant to the plaintiff. The decision of the jury or judge is based on the evidence presented at trial and is either in favor of the plaintiff or the defendant. Unlike a settlement, a verdict is a legally binding decision that can be appealed by either party. In summary, the difference between a settlement and a verdict is that a settlement is an agreement between the plaintiff and defendant, while a verdict is a decision made by a jury or judge based on the evidence presented during a trial. Settlements are a less risky option for both parties, however, verdicts are legally binding decisions which can be appealed.

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What is the difference between a settlement and a verdict?

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