A covenant not to sue is a covenant entered into by a party who had a cause of action at the time of making it, and by which he agrees not to sue the party liable to such action. Covenants of this nature, are either covenants perpetual not to sue, or covenants not to sue for a limited time; for example, seven years.
A covenant not to sue is not a release. The difference is one of intent and grows out of the construction placed on the terms of the instrument, since a covenant not to sue is not a present abandonment or relinquishment of a right or claim but merely an agreement not to enforce an existing cause of action, and, although it may operate as a release between the parties to the agreement, it will not release a claim against joint obligors or joint tortfeasors. In the case of a release, there is an immediate discharge, whereas, in the case of a covenant not to sue, there is merely an agreement not to prosecute a suit.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Indiana Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child is a legally binding document that outlines the agreement between parents and other involved parties to waive the right to sue for any potential claims against their minor child. This covenant serves as a way to protect individuals or organizations from liability arising from incidents involving the child. Keywords: Indiana, Covenant Not to Sue, Parents, Claim, Minor Child When it comes to the types of Indiana Covenant Not to Sue agreements by parents regarding a claim of their minor child, there are two common categories: 1. General Indiana Covenant Not to Sue: This type of covenant applies to a wide range of potential claims involving the minor child. It covers incidents such as personal injuries, property damage, negligence, or any other legal cause of action that could potentially arise. By signing this agreement, parents agree not to file a lawsuit or seek compensation for damages suffered by their child. 2. Specific Indiana Covenant Not to Sue: This type of covenant focuses on a particular activity, event, or organization involving the minor child. For instance, if the child participates in a school field trip, sports event, or any extracurricular activity outside the regular scope of their schooling, parents may be required to sign a specific covenant not to sue related to that particular activity. This agreement ensures that the child's school or organization is protected from potential legal action arising from any incidents that may occur during the specified event. In both cases, the Indiana Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child is a way for parents to acknowledge and accept the potential risks associated with their child's activities, while also assuring the other parties involved that they will not hold them accountable for any unfortunate incidents that might happen. It is important to note that these types of agreements can vary in their specific language and terms, depending on the circumstances and legal requirements. Consulting with an attorney knowledgeable in Indiana law is highly recommended ensuring that the covenant provides adequate protection for all parties involved.
