Which statement best describes a stipulation in legal terms?

A stipulation in legal terms refers to an agreement made between opposing parties, typically regarding procedural matters that may simplify the proceedings or establish certain facts without further proof. This agreement allows attorneys to streamline specific aspects of a case, such as timelines, evidence admissibility, or certain legal principles that both parties accept. By reaching a stipulation, the attorneys can focus on the key issues of the case, which can save time and resources during legal proceedings.

In contrast, other definitions do not capture the full essence of what a stipulation entails. For instance, outlining property rights or drafting a formal contract would involve more formal legal documents rather than an agreement about procedure. Meanwhile, a legal decision made by a judge refers to a judicial ruling, which is a distinct concept from the collaborative nature of stipulations negotiated by attorneys.