Settlements are common in a court of law and refer to the resolution between two or more disputing parties. A settlement can involve various parties and has a wide range of contributing aspects. In most instances, a settlement has been reached either before or after the court actions have commenced.
The term settlement can vary from the situation, but in most common uses it can refer to the dismantling of litigation, payment, and closing of an account, to complete execution of an estate and the distribution of the property of interest to beneficiaries.
To resolve any disputes between involved parties, and before a settlement can be agreed upon – fair and transparent negotiations will be conducted.
Once a plaintiff has entered a lawsuit with additional parties, the case may then be considered to go to trial where an additional jury will oversee the negotiations by the attorney. Only once a lawsuit has ended, both the plaintiff and defendant will be informed of the resolution thereof.
The outcomes of a settlement will solely depend on the factors involved in each case. Certain evidence, facts, documents, and testimonials can be used to strengthen a settlement case.
Read more: How pre- and post-settlement financing works.
Yieldstreet provides access to alternative investments previously reserved only for institutions and the ultra-wealthy. Our mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. We are committed to making financial products more inclusive by creating a modern investment portfolio.