Are there any obligations involved in accepting a settlement in a construction accident case?

In Arkansas, accepting a settlement in a construction accident case does come with certain obligations. The most important is that the injured party must release the responsible party from any further liability related to the construction accident. This means that the injured party is waiving their right to pursue legal action for additional damages related to the construction accident. In most cases, the injured party is also required to keep the terms of the settlement confidential. This means that the injured person may not disclose to the public any details regarding the settlement, such as the amount paid or any specific terms. Depending on the agreement, the settlement may also include a non-disparagement clause, which requires the injured party to refrain from making any negative comments about the responsible party. Finally, the settlement may also require the injured party to agree to certain recurring payments, such as monthly payments for medical expenses or to cover lost wages due to being unable to work. The settlement may also require the injured party to pay any legal fees associated with the agreement. In general, it is advisable for an injured person to seek the advice of an experienced attorney before accepting a settlement. A qualified lawyer can help the injured person understand their rights and obligations and negotiate a fair settlement that covers all of their needs.

Related FAQs

Are there any obligations involved in accepting a settlement in a construction accident case?

Related FAQs

Related Blog Posts