Pre-settlement settlements (PreSS)occur in advance of the parties undertaking full-scale negotiations and are designed to be replaced by a long-term agreement.Which of the following is a key characteristic of PreSS?

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Pre-settlement settlements are formal and binding agreements that are created in advance of full-scale negotiations. They are designed to serve as temporary agreements until a long-term settlement is reached. PreSS are usually enforceable, which means that the parties involved can seek legal action if there is a breach of the terms of the agreement. PreSS can address some issues, but not all, depending on the needs of the parties.

Pre-Settlement Settlements (PreSS)occur in Advance of the Parties Undertaking Full-Scale