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The result of a settlement agreement involves the responsible party paying a certain amount to compensate for the damages caused to the victim. Receiving compensation after a settlement for a personal injury claim might take: as little as five working days. somewhere between 14 to 28 days.

In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases.

A settlement agreement works by the parties coming to terms on a resolution of the case. The parties agree on exactly what the outcome is going to be. They put the agreement in writing, and both parties sign it. Then, the settlement agreement has the same effect as though the jury decided the case with that outcome.

If you owe a debt that you can't afford to repay, you may consider settling it. The settlement process involves paying a portion of the amount owed in return for wiping your account with the creditor clean. Sometimes, creditors agree to a settlement, especially if they don't believe you can fully repay them.

You can ask the Court to deny approval by filing an objection to the New Settlement. You cannot ask the Court to order a different settlement; the Court can only approve or reject the Settlement. If the Court denies approval, no settlement payments will be sent out and the lawsuit will continue.

An official agreement that ends an argument: Both sides are working to negotiate a peace settlement. [ C ] A settlement is also an arrangement, often with payment of money, to end a legal disagreement without taking it to court: The actor agreed to a $100,000 settlement from the newspaper.

If people settle a legal dispute or if they settle, they agree to end the dispute without going to a court of law, for example by paying some money or by apologizing.