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Law Office of David Steinfeld, P.L. What does it mean to settle a business dispute A settlement of claims in a business dispute is a compromise. A compromise is generally defined as one side giving or paying more than they would like and the other accepting less than they desired.
Settlements can occur independent of a lawsuit or arbitration or as part of that process in a mediation or directly between the parties. In a lawsuit or arbitration a settlement returns control over the outcome to the parties from the party that would otherwise decide their fate such as a judge, arbitrator, or jury. What may be contained in settlement terms and whether such terms are appropriate or beneficial are highly personal to the parties and dependent on the unique facts of the case. 3801 PGA Boulevard Suite 600 Palm Beach Gardens
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