I was involved in a minor accident were the other driver was driving down the center of the street and are mirrors collided. I have received payment for the damages and was wondering do I need to provide a release form or should he have supplied me with one. Also, do I need to supply a release form on my behalf to him or is it called some thing else. I want to make sure he canít later file a insurance claim or law suit against me since I have learn that folks will do this sort of thing. Please advise. Your advice would greatly be appreciated. Thanks in advance.
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1 Answer from Attorneys
The general practice is to have the person who receives the money sign a release (legally, an accord and satisfaction) in exchange for money. Since you were the one who was paid, the practice would be you for you to sign a release as a defense against any lawsuit that you filed later.