Terms Used In N.Y. Civil Rights Law 82

  • Contract: A legal written agreement that becomes binding when signed.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.

Any contract or instrument executed after March twenty-ninth, nineteen hundred thirty-five, within this state in payment, satisfaction, settlement or compromise of any claim or cause of action abolished by this article, whether such claim or cause of action arose within or without this state, is contrary to the public policy of this state and absolutely void. It shall be unlawful to cause, induce or procure any person to execute such a contract or instrument; or to receive, take or accept any money or thing of value, or cause, induce or procure any person to give, pay, transfer or deliver any money or thing of value, in payment, satisfaction, settlement or compromise of any such claim or cause of action. It shall be unlawful to commence or cause to be commenced, either as party or attorney, or in behalf of either, in any court of this state, any proceeding or action seeking to enforce or recover upon any such contract or instrument, knowing it to be such, whether it was executed within or without this state.