Also known as: settles · settled · settling · settlement · settlements · compromise · resolution
Written by attorneys · grounded in primary & secondary sources — see below
2 senses
An agreement that resolves a disputed claim and terminates further proceedings on that claim.
The process of concluding a business entity's affairs by discharging liabilities and distributing assets.
An agreement that resolves a disputed claim and terminates further proceedings on that claim.
Select any source to read its text and confirm it supports the definition.
The process of concluding a business entity's affairs by discharging liabilities and distributing assets.
Select any source to read its text and confirm it supports the definition.
Each sense below has its own examples, sources, and questions.
Sylvia Santos sues Sierra Solutions for breach of contract and demands $200,000 in damages. During pretrial talks, Sierra Solutions offers $75,000 to resolve the claim. The offer is made solely to compromise the dispute and is later excluded from evidence at trial.
Steven Silva retains counsel to pursue a personal injury claim against Starlight Media. After discovery, counsel recommends accepting a proposed settlement. Steven Silva instructs counsel to reject the offer and proceed to trial, and counsel follows that directive.
Congress passes a revenue bill that originated in the House and sends it to the President. The President reviews the measure and decides whether to sign it into law or return it with objections. Once the President signs the bill, the measure becomes enforceable as law.
Evidence of furnishing or offering valuable consideration to compromise a claim is inadmissible to prove or disprove the validity or amount of the disputed claim.
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The client retains the authority to decide whether to settle a matter. Counsel must abide by that decision after consulting with the client about the objectives of representation.
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All bills for raising revenue must originate in the House. After passage by both houses the bill is presented to the President, who may sign it or return it with objections for reconsideration.
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A member brings a derivative action on behalf of Sapphire Holdings and obtains a monetary judgment. The court orders that the entire recovery belongs to the company rather than the individual plaintiff, and the funds are paid directly into the company's accounts.
After voting to dissolve, the partners of Solstice Ventures begin the winding-up process. They pay all outstanding debts, complete pending contracts, and distribute remaining assets to the partners according to their interests, thereby concluding the partnership's affairs.
Voters in several districts challenge a state legislative map as unconstitutional. The state argues the claim raises a nonjusticiable political question. The court applies the six-factor test and determines none of the factors bar review, allowing the case to proceed to judgment.
Any proceeds or other benefits obtained through judgment, compromise, or settlement belong to the limited liability company and not to the individual plaintiff.
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The partners must discharge the partnership's debts and liabilities, settle and close its activities and affairs, and marshal and distribute its assets.
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…and implies the right of superintending inferior tribunals. Proceedings in nature of appeals are of various kinds and it is a settled principle that every right, when withheld, must have a remedy, and every injury its proper redress. There are some injuries which can only be redressed by a writ of mandamus and others by a…