A settlement agreement is a resolution that you reach prior to going to trial. By reaching a settlement agreement, the parties will not be required to go to trial on the matter, which spares both sides a significant amount of time and stress, allowing them to walk away with a simpler resolution.
Different types of settlement agreements may include:
Binding contracts
Release of liability
Agreements that can bar claims for other injuries
Be sure to discuss your settlement options with your personal injury attorney to ensure you reach the best outcome for your case.