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.

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