Simple English definitions for legal terms
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Judicial settlement is a way to solve a disagreement or lawsuit with the help of a judge who is not assigned to the case. This can be helpful because the judge has experience in deciding what a fair solution might be. It is also the process of transferring property or interests in property to provide for beneficiaries, usually family members, in a way that is different from what they would receive as heirs. There are many different types of settlements, including structured settlements, which involve periodic payments, and out-of-court settlements, which are reached without the court's involvement.
Judicial settlement is a legal process where a judge helps parties in a civil case reach an agreement or settlement. This is different from a regular settlement where the parties come to an agreement on their own. Judicial settlement is often used when parties want to take advantage of a judge's experience in evaluating the settlement value of a claim.
These examples illustrate how judicial settlement is used in civil cases to help parties reach an agreement with the assistance of a judge. It can be a useful tool when parties are having difficulty coming to an agreement on their own.