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A release of liability, also known as a liability waiver or a hold harmless agreement, is a contract in which one party agrees not to hold another party liable for damages or injury. These contracts are common in fields that involve some risk to property, finances, or health.
No, there is no minimum guaranteed settlement amount. The facts of every case are different. Some personal injury cases do not offer any settlements but others may over multi million dollar verdicts or settlements.
Time limits You should get legal advice urgently if you want to claim compensation. The most common claim in a personal injury case is negligence and the time limit for this is 3 years. This means that court proceedings must be issued within 3 years of you first being aware that you have suffered an injury.
Few North Carolina car accident cases go to trial. And if a formal lawsuit is not filed, claims are often settled within 6-14 months once the insurance company receives the demand package. The demand package outlines the extent of all medical bills, income loss, and others costs related to the accident claim.
A personal injury lawsuit or claim may take weeks, months, or even more than a year to resolve. And because insurance companies will try to pay as little as possible, it's important to talk with an experienced attorney to help protect your legal rights and advise you on your best available options.
Waivers, though required by business, are not always enforceable. It is often up to a court to decide if a waiver is valid and enforceable.
Soft tissue injuries will affect people differently, even if the injuries are of the same grade. The average settlement for soft tissue injury car accident claims can be between $10,000 to $200,000 or more, depending on the facts of your case.
A release of claims form, once signed, releases the opposing parties from liability, meaning you cannot pursue additional compensation after the settlement is accepted. Call our North Carolina injury lawyers at 1-800-525-7111 if you have questions.