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Bronx Personal Injury & Real Estate Blog

Wednesday, June 16, 2021

What Is a Release?

The road to a settlement in your personal injury claim can be long and sometimes frustrating as you wait for that much-needed compensation for the harm you have suffered. If you have been presented with a release, congratulations! It would appear that the end is in sight! Do not, however, be too quick to sign this document as it has important consequences and can have serious restrictions on your legal rights. Let us take a closer look at what a release is and what it means for you to sign a release.

What Is a Release?

The amount of paperwork that may pass your way during a personal injury claim can seem complicated and endless. There will be many documents that you are unfamiliar with, but can still have powerful impacts on your legal rights. One such document is a release.

A release is a form that the defendant in your personal injury claim, likely the at-fault party and/or his or her insurance company, will most certainly require you to sign prior to releasing your settlement check. The release refers to a release of future liability regarding damages you suffered or may suffer in the future due to an accident. The language set forth in a release can be complicated, but important to understand. You are most likely very anxious to get the settlement processed and put the whole personal injury claim behind you, but do not rush too fast to sign the release. Make sure you understand what you are signing first.

A release is likely to contain several key parts. One part is likely to set forth language that indicates signing the form means that you cannot receive any more compensation for the injuries and other harm suffered due to the accident. This can include injuries suffered due to the accident that is not discovered until later on, after you have signed the release. The release is also likely to include a statement saying that with the settlement, neither the insurance company nor its client is admitting any fault regarding the accident or the resulting injuries. This language is more of a technicality than anything. The insurance company is worried about statistics that may reflect a significant amount of fault.

The release will also state that once the release has been signed, you are barred from bringing further claims against the insurance companies, or its covered client, regarding the accident and the resulting injuries. In order to prevent you from claiming later on that you were promised money in addition to the settlement amount agreed upon, the release is likely to include language expressing that you have not made any other agreements on the side with anyone else involved, like the insurance company, insurance representative, or the responsible party in the accident.

New York Personal Injury Attorney

The Law Office of Ryan Goldstein understands that documents such as a release can have profound impacts on the rights of our clients. We do not let you sign anything until you fully understand your rights. We take our duty to our clients seriously and that is why we fight for them and their best interests every day. Contact us today.


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