Settlement: A mutually agreed resolution between parties to end a dispute, usually documented in a written agreement that outlines terms, obligations, and any payments, avoiding further legal action.
Negotiations: Direct discussions between parties (or their lawyers) aimed at reaching a voluntary agreement by exchanging proposals, clarifying positions, and making compromises.
Arbitration: A private, binding dispute-resolution process where a neutral arbitrator hears evidence and issues a decision (award), often faster and more confidential than court litigation.
Litigation: Formal court proceedings where a judge (and sometimes a jury) resolves a dispute through filing pleadings, discovery, trials, and appeals; typically the most structured and public route to enforce rights.
