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Settlement is the process of arriving at a resolution of an agreement between two involved parties. This often occurs in the form of negotiation between the two parties in which they find an agreement that suits both parties best. Settlement is done in a variety of different matters such as contract disputes, monetary cases, property disputes and many others. It is a common process that is used to quickly arrive to a resolution without resorting to other lengthy and expensive alternatives such as litigation. Each part has to make compromises and evaluate their respective interests in order to find an agreement that will benefit them most.