Maryland Code, COMMERCIAL LAW 14-4A-11
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Terms Used In Maryland Code, COMMERCIAL LAW 14-4A-11
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
A warrantor that establishes an informal dispute settlement procedure may elect to settle vehicle protection product warranty disputes in coordination with a private mediation services provider or the Division.