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Back to Forms for 'Releases and Settlements'.


RELEASE AND RESERVATION OF RIGHTS

RELEASE AND RESERVATION OF RIGHTS

AUTOMOBILE ACCIDENT CLAIMS

 

In consideration of $ _________________, receipt of which is hereby acknowledged, I hereby fully and forever release and discharge ________________________________ (name), of _________________________ (address), and _______________________ (insurance company), a corporation organized and existing under the laws of the State of _____________ and authorized to transact business in the State of ______________, with its principal office for business in the State of ____________________________ located at ________________________________________ (address), their heirs, administrators, executors, successors and assigns from all claims, demands, damages, actions, rights of action of whatever kind or nature that I now have or may hereafter have arising out of, in consequence of, or on account of all injuries to person, including any latent injuries and all developments and results therefrom, known and unknown injuries, whether developed or undeveloped, and anticipated and unanticipated consequences of all such injuries, and damages to property resulting to me in any way from an accident that occurred on ____________________ (date), at ______________ (insert specific location), involving two motor vehicles, in one of which I was a passenger.

 

In accepting such sum, I hereby release and discharge that fraction, portion or percentage of the total cause of action of claim for damages I now have or may hereafter possess against all parties responsible for my damages which shall by trial or other disposition be determined to be the sum of the fractions, portions or percentages of causal negligence for which the parties herein released are found to be liable to me as a consequence of the above accident.

 

I hereby accept the sum as compromise and settlement of all claims on account of the dispute between the parties hereto as to whether the above-named parties are liable to me or not, and also as to the nature, extent and permanency of the injuries sustained by me.

 

I agree that in making this release, I am relying on my own judgment, belief and

knowledge as to all phases of my claims and that I am not relying on representations or statements made by any of the persons hereby released or anyone representing them or physicians or surgeons employed by them.

 

I agree that the payment of the above sum is not to be construed as an admission of any liability whatsoever by or on behalf of the above-named parties, by whom liability is expressly denied.

 

I further agree that any claim of whatever kind or nature the above-named parties might have or hereafter have growing out of the above accident is hereby expressly reserved to them.

 

This release is intended to release only the parties specifically named.  The undersigned expressly reserves the balance of the whole cause of action or any other claim of whatever kind or nature not released hereby which I may have or hereafter have against any other person or persons arising out of the above accident.

 

As a further consideration, I agree to indemnify those parties released from any claims for contributions made by others so adjudged jointly liable with the parties released, and I agree to satisfy any judgment which may be rendered in favor of myself, satisfying any fraction, portion or percentage of the judgment as the causal negligence of the parties released is adjudged to be of all causal negligence of all adjudged tort-feasors.

 

In the event I fail to immediately satisfy any such judgment to the extent of the fraction, portion or percentage of the negligence as found against the parties released, I hereby consent and agree that upon filing a copy of this agreement, without further notice, an order may be entered by the court in which such judgment is entered directing the clerk thereof to satisfy the judgment to the extent of such fraction, portion or percentage of the negligence as found against the parties released and discharged under this release.

 

I do hereby specifically reserve any rights I might have against ___________________ (name), of ____________________________________________________ (address), and _________________________________________________ (insurance company), of __________________________________________________________ (address), and any of the above arising out of the above mentioned accident.

 

In witness whereof, I have executed this release at _____________________________ (designate place of execution) on _____________________________________ (date).

 

 

_____________________________________                   _____________________

Signature                                                                               Date

 

_____________________________________                   ______________________

Witness                                                                                 Date

 

______________________________________                 ______________________

Witness                                                                                 Date

 

______________________________________                 ______________________

Witness                                                                                 Date

 



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