A release is a document that says you give up all future claims against another party, related to a specific accident or event. It is a normal part of the personal injury claim process for any claim that ends in a settlement. A settlement is an agreement reached out-of-court, without a verdict from a judge and jury.
Many people find the release intimidating. It typically contains many pages of dense legal language stating that you give up various rights and claims. But the release is essential to getting the money you won in the settlement. It’s simply a way to protect the other party, to make sure that you don’t continue your lawsuit even after they pay you.
While each release is different, they typically contain several key ideas:
- The money you’ve agreed to is the final, total amount. You will not seek any additional money for this particular injury or accident.
- You can’t change your mind if you discover additional injuries. Even if there was some additional problem that was undiagnosed, you give up the right to come back and ask for more money. This is why it’s so important to have a patient lawyer who thoroughly investigates your injury and helps you determine a full diagnosis before striking a deal.
- The other party doesn’t admit any fault. This may sound upsetting, but it’s common. The other party is typically an insurance company and they need to maintain this for publicity purposes. It does not affect the facts of your case or your settlement.
Settlements are a good thing. They help you get the money you deserve after an accident, such as a car accident or workplace injury, without a lengthy court battle. Even so, releases are permanent and you should never sign one unless you have an experienced personal injury lawyer advising you to do so.
Have you been injured? John Foy & Associates offers a free consultation with some of the most experienced and respected personal injury lawyers in Georgia. Fill out the form to your right or call us at 404-400-4000 to get your FREE consultation today.