What happens if i accept a settlement offer?

A settlement agreement is legally binding once you sign it, you can't change it. As part of the agreement, you will likely sign an authorization form waiving your right to take additional legal action. Accepting a settlement offer in a personal injury lawsuit can provide a sense of relief, but it also comes with important legal considerations and consequences. What happens after I accept a settlement offer? Once you accept a settlement offer, you will usually sign an agreement that exempts the other party from any other liability related to your claim. This means that you lose the right to seek additional compensation for the incident.