What is a settlement conference?

A settlement conference is a type of legal process used in accident law in Oklahoma. It is an informal process in which both sides of a dispute can attempt to come to an agreement or settlement without going to trial. During a settlement conference, the parties involved present their cases to a neutral third-party, often a judge or magistrate, who attempts to help the parties reach an agreement. In accident law in Oklahoma, settlement conferences are often held outside of the courtroom. The goal of a settlement conference is to resolve the dispute quickly and inexpensively, and without going to trial. During the settlement conference, both parties have the opportunity to speak and present evidence in support of their case. The third-party then helps the parties to negotiate a settlement, which is often a compromise between the two sides. If a settlement is not reached, the case may go to trial. Settlement conferences are beneficial because they allow both parties to avoid a lengthy and expensive trial. They can also help to reduce the possibility of an appeal in the future. By reaching an agreed upon settlement, both parties can move forward without the risk of future legal proceedings.

Related FAQs

What if the other party does not have insurance?
What is medical malpractice?
What is a deposition?
What is a medical lien?
How long do I have to file a lawsuit over an accident?
What is a third-party claim?
What is the best way to prepare for a deposition?
When is a settlement considered taxable income?
What is a workers’ compensation claim?
What is vicarious liability?

Related Blog Posts

Understanding the Basics of Accident Law: An Overview for Victims - July 31, 2023
What to Look for in an Accident Lawyer: Important Qualities to Consider - August 7, 2023
The Different Types of Accidents and How to Handle Them - August 14, 2023
Litigation Strategy: Key Considerations for Personal Injury Cases - August 21, 2023
The Role of Negligence in Personal Injury Cases - August 28, 2023