A general release is something that a defendant or an insurance company will want a plaintiff to sign when they receive a settlement. This release will assure them that you cannot come back later and request more money or pursue more money in the future. While general releases are very common, there are a few things you should know before signing one.
It's important to know that a general release is a binding contract, so if you sign it you are saying you agree to drop any and all claims against both now and in the future. Even if your injuries get worse or new injuries occur, you can’t pursue another claim after you sign a general release.
Most general releases will also contain language that makes the plaintiff responsible for making sure all of their medical expenses and liens get paid. This is important to remember because you will have to keep track of all of your medical expenses if you don’t have an attorney.
Courts do not typically let people out of general releases no matter what the circumstances are so you have to be absolutely certain that the settlement they are offering is significant enough for your pain and suffering, medical expenses, loss wages, and any future expenses you might incur.
If you have any questions about general releases please call (407) 254-4901 or text us at (407) 644-4444. We are always happy to offer a no obligation, free consultation to discuss your case with you.