Illinois Stipulation and Waiver is an agreement between two parties in a legal dispute. The agreement is made to settle a dispute without going to court. The parties agree to put aside their differences and come to an agreement that is satisfactory to both sides. The agreement is legally binding and enforceable in a court of law. The most common types of Illinois Stipulation and Waiver are: • Settlement Stipulation and Waiver: This type of stipulation and waiver is used to settle a dispute without going to court. Both parties agree to a negotiated settlement and waive their right to a trial. • Dismissal Stipulation and Waiver: This type of stipulation and waiver is used to dismiss a case without going to court. Both parties agree to dismiss the case and waive their right to a trial. • Release Stipulation and Waiver: This type of stipulation and waiver is used to release a party from liability for an act or omission. Both parties agree to the release of liability and waive their right to a trial. • Arbitration Stipulation and Waiver: This type of stipulation and waiver is used to settle a dispute by using an arbitrator instead of going to court. Both parties agree to arbitration and waive their right to a trial.