Both sides want to avoid the risks and costs of a trial if possible. As a Personal Injury Attorney in Seabrook Island SC, I understand that lawsuits can be time-consuming, costly and unpredictable. Reaching an out-of-court settlement allows the plaintiff and defendant greater control over the outcome. Mediation can often help both parties reach settlement agreements. By reaching an agreement, you control monetary and non-monetary costs, thus avoiding these unpleasant surprises later on.
While some marketers claim that all advertising is good publicity, the culture of cancellation can have dire consequences for companies. Negative online conversations related to legal issues can reduce an organization's customer base and make it difficult to hire workers in the future. When lawsuits with consumers, service providers or former employees go to trial, advertising can harm the way people perceive to the organization. Many companies choose to reach an agreement so that the details of the case remain as private as possible.
Reaching an agreement doesn't necessarily mean admitting guilt, and the contract that you sign when you reach an agreement can help protect companies against future disclosures and other potential losses.