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Settlement in lawsuits is the mutual agreement of the parties to an ongoing case to partially or completely end the dispute subject to the case. As it can be understood, settlement is not an institution that can be made unilaterally, but is an institution formed with the participation of the parties to the case.
In the settlement generally, the plaintiff waives part of the claim outcome and the defendant accepts the remainder of the claim outcome. In this way, a settlement agreement is formed between them. Although the settlement agreement usually consists of partial waiver and partial acceptance, a right of one of the parties other than the case can be included in the settlement agreement. With settlement, the case is resolved more quickly and inexpensively.
At the beginning of the case, at the preliminary examination stage, the judge encourages the two parties to settle and asks the parties whether they want to settle. However, in the later stages of the case, it is possible to settle until the verdict is finalized. In order for the attorneys of the parties to conclude settlement agreements, the power of attorney must be clearly defined in their power of attorney.
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