An accident injury settlement is a specific set of terms and or conditions which two parties (plaintiff/defendant) have agreed to accept as binding to resolve a claim of injury one party has made against the other. Because compensation in an accident injury settlement can reach the six digits figures, and many out of court settlements are significantly smaller than jury awards, many of these actions are settled before reaching the stage of litigation in a court. The statute of limitation, and other laws pertaining to accident injury claims, differ from state to state, and in some areas, jurisdiction to jurisdiction.