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conclusive resolving of a matter; especially, a compromise achieved by adverse parties in a
civil suit before final judgment, whereby they agree between themselves upon their respective
rights and obligations, thus eliminating the necessity of judicial resolution of the controversy.
EXAMPLE: A company is accused of discriminatory hiring practices by the Equal Employment Opportunity Commission (EEOC). The Commission will usually file with the company a notice of its accusations and will attempt to reach a settlement before looking to the
courts. That method generally gives each party more flexibility. In certain instances, a judge may have to approve the settlement.
compare plea bargaining Source: Barron's Dictionary of Legal Terms, Steven H. Gifis, 5th Edition; © 2016