04 Oct, 2021

An Agreement Reached by Adjustment of Conflicting or Opposing Claims Is Called –

04 Oct, 2021

When two parties have conflicting or opposing claims, it is often necessary to come to an agreement in order to resolve the dispute. This type of agreement is commonly known as a settlement or a compromise.

A settlement is a legally binding agreement between two or more parties that resolves a dispute or conflict. It typically involves a compromise in which both parties give up something in exchange for a resolution.

Settlements can be reached through various methods, including negotiation, mediation, or arbitration. In some cases, a settlement may be reached through litigation, in which case it may be referred to as a court settlement.

Settlements are commonly used in a variety of legal disputes, including civil lawsuits, divorce cases, and employment disputes. They are often preferred over going to trial because they can be quicker, less expensive, and allow the parties to maintain some control over the outcome.

In addition to resolving disputes, settlements can also be used to avoid them. For example, parties may enter into a settlement agreement before entering into a business relationship or contract in order to prevent future conflicts.

When it comes to SEO, settlements can also play a role. For example, if a website is accused of infringing on someone else`s intellectual property rights, a settlement may be reached in which the website agrees to remove the infringing content in exchange for avoiding legal action.

In conclusion, an agreement reached by adjustment of conflicting or opposing claims is called a settlement. It is an important tool in resolving legal disputes and can also be used preventatively in business relationships or contracts. As a professional, it is important to understand the role settlements can play in both legal and online disputes.

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