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What does it mean when I sign a release?

February 15, 2010

When you sign a release, you are agreeing to give up the right to pursue any further financial recovery from the individual being released in exchange for that individual paying you an agreed upon amount of money.
When you settle a personal injury claim you will generally have to sign a release. For example, you may agree to settle your claim for $10,000. By signing the release, you are saying that you will not take any further legal action against the defendant in return for the defendant paying you $10,000.
You should never sign a release until you have consulted with a personal injury attorney. Before you give up any of your legal rights, it is critical that you speak with a personal injury attorney who can assess your case and ensure that you are receiving a fair settlement.
After you sign a release, you have given up your right to bring a personal injury lawsuit against the individual being released. A personal injury attorney will help you determine whether settling the case is in your best interest.


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