A voluntary negotiation process with a neutral third party helping disputing sides reach settlement.
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Mediation
A voluntary negotiation process with a neutral third party helping disputing sides reach settlement.
Related terms
- Settlement Negotiation — Discussions between parties to resolve a claim without trial, typically involving the plaintiff's attorney and insurer.
- Arbitration — A private dispute resolution process where an arbitrator decides the outcome instead of a court.
- Written Offer — A formal settlement offer from the insurer specifying an amount to resolve all claims, often below demand.