What is a settlement in civil litigation?
A settlement in civil litigation is an agreement between the two sides in a dispute to resolve their arguments without having to take the case to trial. In Texas, a settlement is a resolution to a civil dispute that is voluntarily entered into by both parties, usually with the help of a mediator or lawyer. The terms of a settlement may involve the payment of money, the exchange or return of items between the parties, or the cancellation of a debt. The goal of a settlement is usually to avoid the expense and time commitment of a trial while still achieving a fair outcome for the parties involved. In a settlement, the parties involved agree to the terms, and the court does not issue a judgment or have to make a decision about the dispute. Settlements are usually written up in the form of a contract and must be signed by both parties in order for it to become legally binding.
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