How do parties typically reach a settlement?

Study for the Ontario Paralegal License Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

Parties typically reach a settlement by engaging in negotiations and possibly mediation. This process involves dialogue between the parties, where they discuss their interests and try to find a mutually acceptable resolution to their dispute. Negotiation can be direct, where the parties communicate with each other, or facilitated through a third-party mediator who helps guide the conversation and suggests solutions.

This method is preferred because it allows for flexibility, confidentiality, and control over the outcome by the parties involved. Unlike a trial, where a judge or jury makes a binding decision, settlement negotiations focus on collaboration and often lead to outcomes that are satisfactory to both sides, thereby preserving relationships and reducing the time and costs associated with litigation.

Other methods mentioned, such as submission of evidence to a judge or a public trial, are formal processes that do not typically facilitate settlements. These methods usually result in a decision being imposed on the parties rather than a mutually agreed resolution. As for legislative bodies, their role is to create laws rather than resolve individual disputes. Thus, negotiation and mediation serve as the most practical and effective approaches for parties seeking to settle their disagreements.

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