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A settlement is a voluntary agreement between two parties that ends a dispute and results in the dismissal of any litigation. A settlement can be beneficial because it speeds up the process of litigation and thereby avoids ongoing legal fees.

Definition. 1. Settlement agreements are not specifically defined in the context of international arbitration. However, they may be described as legally binding agreements between two or more parties which seek to resolve disputes in a mutually acceptable manner.

settlement, in law, a compromise or agreement between litigants to settle the matters in dispute between them in order to dispose of and conclude their litigation. Generally, as a result of the settlement, prosecution of the action is withdrawn or dismissed without any judgment being entered (see nolle prosequi).

A settlement is a colony or any small community of people. If a bunch of people build houses on the moon together, they'll have the first lunar settlement. A settlement is also the resolution of something such as a lawsuit. One kind of settlement is a place where people live.

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'Terms of settlement' is a document that sets out the agreement between the parties to settle the dispute. There is no set form for terms of settlement. Terms of settlement can be handwritten at court after discussions between the parties.

A settlement agreement records the terms of a compromise which has been agreed between the parties to a dispute. It is a useful tool to conclude a dispute, set clear obligations for everyone involved and reduce the risk of future disputes and litigation arising between the parties.

What to do Keep a written record of everything said verbally / in meetings. Try to keep everything to emails. Raise it informally. Raise it as a formal Grievance. Take time off sick if you feel stressed. Hope that they offer you a settlement agreement.