👉 Settlement, also known as settlement in some languages, is a legal and administrative process by which a party to a dispute settles their differences through negotiations or arbitration. It involves parties agreeing to make concessions or changes to their positions in exchange for a mutually agreed-upon agreement. In the context of international law, settlements are often referred to as "legal agreements" or "convention," although settlement refers more to the process itself rather than specific terms or clauses. Settlements can be formalized through various
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