What is a settlement in civil litigation?

A settlement is an agreement between two parties involved in civil litigation that ends the dispute without having to go to trial. In a settlement, the parties usually agree to some form of compensation or resolution that would be more favorable to the one receiving it than going to trial. This could include any form of negotiated resolution such as dismissal of the case, an arbitrator or mediator deciding the outcome, or an agreed-upon financial settlement. In New Mexico, civil litigation involves resolving a dispute between two or more parties that arises out of a contract, tort, or other civil legal matter. People in New Mexico can file a civil lawsuit when they believe that another party has violated their rights. In civil litigation, parties may be represented by a lawyer or can represent themselves during the legal process. A settlement in civil litigation often occurs when the parties involved agree to resolve any disputes without having to go to trial. Negotiations typically involve both parties’ lawyers or representatives, and the settlement typically includes some form of compensation or resolution that is more favorable to the one receiving it than going to trial. Settlements can often be reached quickly and save both time and money. Finally, if a settlement cannot be reached, the case will usually proceed to trial. During the trial, the parties involved will present their evidence in court and a judge or jury will decide the outcome of the case. Unlike settlements, trial decisions are legally binding and cannot be changed.

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