Most personal injury accidents resolve in the form of a settlement, often times prior to the filing of a lawsuit. A Final Release of Claims, also referred to as a Liability Release, Settlement Agreement, or a variation thereof, is a legal instrument that once properly signed, completely releases and forever discharges any and all claims and/or causes of action, known or unknown, a victim may have against an at fault party relative to a specific personal injury accident. In simple terms, a Final Release of Claims and Settlement Agreement FOREVER ends a dispute between parties relative to a specific personal injury accident, regardless if there is a possibility of other, unknown claims for damages or injuries that have yet to be discovered, and/or if the settlement amount is later determined to be unreasonable or inadequate.
It is very important that all parties involved understand the complex writing, scope, and legal effects of signing a Final Release of Claims and Settlement Agreement, and the consequences flowing therefrom. Thus, it is encouraged that accident victims and injured parties contact a Boston Personal Injury Attorney from The Jacobs Law, LLC to review their personal injury matter.
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