Bill
A 8706
Overview: Bill Number: A 8706, Title: Prohibits certain entities from negotiating any contracts or settlements releasing such entities from liability for a tortious or potentially
Overview: Bill Number: A 8706, Title: Prohibits certain entities from negotiating any contracts or settlements releasing such entities from liability for a tortious or potentially tortious act within thirty days of such act, Status: SUBSTITUTED BY S8185, Introduced: June 02, 2025
Purpose and Intent: The main goal of this bill is to prevent certain entities, such as corporations or organizations, from quickly negotiating contracts or settlements that would release them from liability for tortious or potentially tortious acts. The intent is to provide a cooling-off period and ensure that victims have adequate time to seek legal counsel and consider their options before potentially signing away their rights.
Key Provisions:
- Prohibits entities from negotiating any contracts or settlements that would release them from liability for a tortious or potentially tortious act within 30 days of the alleged incident
- Applies to a wide range of entities, including corporations, organizations, and government agencies
- Allows victims to void any contracts or settlements signed within the 30-day period
- Establishes penalties and fines for entities that violate the prohibition
Affected Parties and Impacts: This bill would primarily affect victims of alleged tortious acts, as it would give them more time to seek legal advice and consider their options before potentially signing away their rights. It could also impact the entities accused of wrongdoing, as they would be prohibited from quickly negotiating settlements that could limit their liability.
Procedural and Timeline Considerations: The original bill (A 8706) has been substituted by a similar bill (S 8185), which is currently under consideration. If the new bill is passed, the 30-day prohibition on liability-releasing contracts and settlements would need to be implemented and enforced.
Compiled from official sources — confirm details with the bill’s official record.
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