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.
Puerto Rico Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child is a legal document that sets forth an agreement between parents and a potential defendant, typically in the context of a personal injury or negligence case involving a minor child in Puerto Rico. This covenant limits the parents' ability to bring a lawsuit or seek compensation on behalf of their child for any damages caused by the defendant's actions. Essentially, the purpose of this covenant is to prevent the parents from pursuing legal action against the defendant for any injuries or harm caused to their minor child, as long as certain conditions are met. By signing the covenant, the parents are waiving their right to sue the defendant on behalf of their child, thereby releasing them from any liability. Some common reasons for parents entering into a Covenant Not to Sue include: 1. Settlement: In cases where the defendant and their insurance company are willing to offer a fair settlement to compensate for the child's injuries, the parents may choose to accept the settlement rather than going through lengthy litigation. 2. Protection of the Defendant: The parents may have personal or professional relationships with the defendant, such as being friends or colleagues, and wish to maintain those relationships by not pursuing legal action against them. 3. Avoiding Legal Proceedings: Litigation can be a time-consuming and emotionally draining process, especially when it involves a minor child. By signing the covenant, parents can avoid entering into a potentially acrimonious legal battle and instead focus on their child's recovery. It's important to note that not all covenants are the same, and there may be different types or variations of the Puerto Rico Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child. Some common variations include: 1. Limited Scope Covenant: This type of covenant may specify certain types of claims or damages that are exempted from the agreement. For example, the covenant may stipulate that it only applies to claims related to physical injuries and does not cover future medical expenses or emotional distress. 2. Conditional Covenant: This variation may outline specific conditions or circumstances under which the parents can still proceed with legal action. For instance, if the defendant is found guilty of gross negligence or intentional misconduct, the covenant may be deemed null and void, allowing the parents to pursue a lawsuit. 3. Multiple Defendants Covenant: In cases where there are multiple potential defendants involved, a covenant may be signed with one defendant while reserving the right to pursue legal action against other defendants. This flexibility allows the parents to evaluate each defendant's liability and choose the appropriate legal course. In conclusion, the Puerto Rico Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child is a legal arrangement designed to limit the parents' ability to file a lawsuit or seek compensation on behalf of their child. It may have various types or variations, but ultimately serves to settle legal disputes, protect relationships, and avoid protracted litigation.Puerto Rico Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child is a legal document that sets forth an agreement between parents and a potential defendant, typically in the context of a personal injury or negligence case involving a minor child in Puerto Rico. This covenant limits the parents' ability to bring a lawsuit or seek compensation on behalf of their child for any damages caused by the defendant's actions. Essentially, the purpose of this covenant is to prevent the parents from pursuing legal action against the defendant for any injuries or harm caused to their minor child, as long as certain conditions are met. By signing the covenant, the parents are waiving their right to sue the defendant on behalf of their child, thereby releasing them from any liability. Some common reasons for parents entering into a Covenant Not to Sue include: 1. Settlement: In cases where the defendant and their insurance company are willing to offer a fair settlement to compensate for the child's injuries, the parents may choose to accept the settlement rather than going through lengthy litigation. 2. Protection of the Defendant: The parents may have personal or professional relationships with the defendant, such as being friends or colleagues, and wish to maintain those relationships by not pursuing legal action against them. 3. Avoiding Legal Proceedings: Litigation can be a time-consuming and emotionally draining process, especially when it involves a minor child. By signing the covenant, parents can avoid entering into a potentially acrimonious legal battle and instead focus on their child's recovery. It's important to note that not all covenants are the same, and there may be different types or variations of the Puerto Rico Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child. Some common variations include: 1. Limited Scope Covenant: This type of covenant may specify certain types of claims or damages that are exempted from the agreement. For example, the covenant may stipulate that it only applies to claims related to physical injuries and does not cover future medical expenses or emotional distress. 2. Conditional Covenant: This variation may outline specific conditions or circumstances under which the parents can still proceed with legal action. For instance, if the defendant is found guilty of gross negligence or intentional misconduct, the covenant may be deemed null and void, allowing the parents to pursue a lawsuit. 3. Multiple Defendants Covenant: In cases where there are multiple potential defendants involved, a covenant may be signed with one defendant while reserving the right to pursue legal action against other defendants. This flexibility allows the parents to evaluate each defendant's liability and choose the appropriate legal course. In conclusion, the Puerto Rico Covenant Not to Sue by Parents Regarding a Claim of Their Minor Child is a legal arrangement designed to limit the parents' ability to file a lawsuit or seek compensation on behalf of their child. It may have various types or variations, but ultimately serves to settle legal disputes, protect relationships, and avoid protracted litigation.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
