Auto Accident Settlement Agreement

By Rob Jennings J.D.
An auto accident settlement agreement sets forth the terms of your settlement.

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An auto accident settlement agreement, often called a "release," is a waiver of claims executed by the victim, or potential plaintiff, in a car accident. The release should contain sufficient information to constitute the complete agreement of the parties.

Identification of the Accident

The release should state the date and location of the subject accident. This helps to specify exactly what the parties are settling.

Identification of Claims

The release must state what claims (bodily injury, property damage, lost wages, etc.) the claimant is releasing in exchange for the settlement payment. While some auto accident settlement agreements are general releases of all claims, sometimes parties settle property damage and later litigate bodily injury claims.

Identification of the Parties

The release should specifically identify the parties and their respective roles--which party is releasing a claim and which party is being released.

Identification of the Payment

The release should specify how much money the potential defendant is paying in exchange for the release of claims.

About the Author

A practicing attorney since 2003, Rob Jennings has written fiction and nonfiction since 2005, with his work appearing in a variety of print and online publications. He earned his Juris Doctor from the University of North Carolina at Chapel Hill.

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