During the litigation process, you may encounter legal terms with which you might be unfamiliar. Below are some common terms and what they mean.
Arbitration is a dispute resolution process in which an arbitrator deems what the financial settlement to the plaintiff(s) shall be. The arbitrator’s decision is binding.
An arbitrator is an unbiased third party who is officially appointed to settle a dispute between two parties.
Damages refers to the financial amount awarded to an individual who has suffered personal injury or loss.
The defendant is an individual or entity being sued or accused in a court of law.
Discovery is a pre-trial process for gathering information from both parties. This is the opportunity for the lawyers to ask questions of the opposing parties to find out what information they have about the about the issues.
Mediation is a dispute resolution process in which a mediator assists the parties in reaching a mutually acceptable settlement. Unlike arbitration, it is non-binding.
A mediator is an unbiased third party who acts as an intermediary between the parties to assist them in trying to resolve the matter prior to going to court.
The plaintiff is an individual or entity suing or accusing in a court of law.
Statutory Accident Benefits (SABs):
The acronym SABs stands for Statutory Accident Benefits. This is the compensation for which the victim of a motor vehicle accident is eligible.
A tort is a civil wrong which, as a result of negligence, causes someone personal injury or loss for which the court will allow the victim to recover losses financially in the form of action for damages.
A tort claim is the right to sue an at-fault party (an individual or identity) who caused you injury or loss.