What is the purpose of "settlement negotiation"?

Settlement negotiation is a process aimed specifically at reaching an agreement in a dispute between parties, typically outside of court. This method allows the involved parties to discuss and negotiate terms that are mutually acceptable, which can lead to a resolution that satisfies both sides without the need for litigation. Engaging in settlement negotiations can save time, reduce legal costs, and help maintain relationships by fostering a collaborative rather than adversarial approach to dispute resolution.

While avoiding court is a potential outcome of successful settlement negotiations, it is not the sole purpose. Settlement negotiations focus on the dialogue and agreement itself. Plea bargains pertain specifically to criminal cases and are therefore not the focus of broader settlement negotiations. Additionally, while preparation for trial proceedings is certainly part of the legal process, it is distinct from the goal of reaching an agreement through negotiation.