Settlement
ADR
An agreement resolving a dispute, usually with payment in exchange for a release of claims.
What it means in practice
Settlement is a adr concept that shows up constantly in everyday consumer disputes. An agreement resolving a dispute, usually with payment in exchange for a release of claims.
In practice, settlement matters because it changes what you should write, when you should write it, and what you can realistically ask for. A demand letter that uses the term correctly signals to the other side that you understand the process, which measurably improves response rates.
If settlement is relevant to your situation, document the underlying facts in writing, keep dated copies of everything, and put your demand in a letter sent by certified mail so there is proof of notice.
Related terms
Put this to work
AI Dispute Engine is not a law firm and does not provide legal advice. Documents are for informational and self-help purposes only. This does not create an attorney-client relationship. For legal advice specific to your situation, consult a licensed attorney in your jurisdiction.