Release of claims, time limit?
Started by psyburn , Nov 08 2013 03:02 PM
Please log in to reply
5 replies to this topic
Posted 08 November 2013 - 03:02 PM
Hello group, I have a questions regarding a release of claims agreement and how long I have to sign the paper. I have gotten a release of claims regarding an accident from a while back, Anyhow I wanted to get a lawer to consult with but havent found one or found the time to. Anyhow how long to I have to sign this release before it can be invalided. Is there a law regarding that? I know that there is a limitations regarding bringing a lawsuit, but what about a release letter? anyhow thanks.
Posted 08 November 2013 - 04:21 PM
I have gotten a release of claims regarding an accident from a while back
Gotten the form from whom? How long ago is "a while back"?
Anyhow how long to I have to sign this release before it can be invalided.
This doesn't make any sense. You're free to release anything you like at any time. And I would think it rather obvious that a release you haven't signed is nothing more than a piece of paper with ink on it. Mere paper cannot "be invalidated."
I know that there is a limitations regarding bringing a lawsuit, but what about a release letter?
So now there's a "release letter" in addition to the "release of claims form"?
Posted 08 November 2013 - 05:06 PM
I had a feeling that my question was a little confusing. The letter I recieved is a "Release of claims form" which generally states that I release the insurance company for an accident for a set amount of money. Now I have been holding onto this letter for about 4 weeks now because I am reluctant to sign it because of the agreed amount is not what I was expecting, I wanted to consult with an attourney before moving forward to either signing the letter or not, but since it been about 4 weeks since I recieved the letter, I want to know in general just how long do I have to accept or sign this "Release of Claims form" ? thanks
Posted 08 November 2013 - 08:46 PM
I want to know in general just how long do I have to accept or sign this "Release of Claims form" ?
You have until the claim rep withdraws the offer or until the statute of limitations for a lawsuit expires.
If you don't like the amount offered, decline it and ask for more.
Or hire a personal injury attorney share a third of your potential settlement with him.
Warning: Legal issues are complicated. Explanations and comments here are simplified and might not fully explain the ramifications of your particular issue. I am not a lawyer. I do not give legal advice. I make comments based on my knowledge and experience. I guarantee nothing. If you act on my comments without the advice of an attorney, you do so at your own risk.
Posted 11 November 2013 - 11:56 AM
It's basically a contract offer. If you reject the offer, then there is not contract. If you accept the offer (by signing the agreement), then that forms a contract. If you make a counteroffer, it comprises a rejection of the offer. If the offering party withdraws the offer, then you have no agreement. If the offering party didn't put a time limit on the offer, then it remains in effect. Some courts might impose a limit of a "reasonable" time period, but most likely the offer is sufficiently favorable to the insurance company that they would take your acceptance if you make it before the limitations period expires. Usually, the limitations period for most personal injury cases is three years. See RCW 4.16. ( http://apps.leg.wa.g....aspx?cite=4.16 ).
<br>For the original version including any supplementary images or video, visit http://boards.answers.findlaw.com/index.php/topic/228110-release-of-claims-time-limit/