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    What is dispute settlement?
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    This is the final stage in dispute resolution. When parties have a dispute, they can decide to settle it on their own instead of refering to a court to do it for them. A settlement is often private and it involves the parties deciding on a solution on their own or with a help of another third party such as a mediator. In the end, parties often agree on some kind of a compromise in terms of payment and action. Settlemet does not always occur, however. Sometimes, parties do not settle and instead try to resolve their dispute in a different way.

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