Hawaii Settlement Prior to Arbitration Hearing is a process in which parties attempt to resolve a dispute before the dispute goes to arbitration. This process allows the parties to negotiate a settlement agreement that resolves the dispute without the need to proceed to a formal arbitration hearing. The settlement agreement can cover any and all issues that are part of the dispute, including damages, attorney’s fees, and other relevant matters. There are two types of Hawaii Settlement Prior to Arbitration Hearing. The first is voluntary settlement, in which both parties agree to a settlement agreement without any coercion or pressure. The second is a mediated settlement, in which the parties use a third-party mediator to help negotiate a settlement agreement. In either type of settlement, the parties must carefully consider the terms of the agreement and negotiate in good faith. The parties must also ensure that the settlement agreement is enforceable in the event that one of the parties fails to comply with its terms. If an agreement is reached, the parties must sign the agreement and have it notarized in order to make it legally binding.