(1) When a covenant not to sue or not to enforce judgment is given in good faith to one of two or more persons liable in tort for the same injury to person or property or the same wrongful death or claimed to be liable in tort for the same injury or the same wrongful death:
(a) It does not discharge any of the other tortfeasors from liability for the injury or wrongful death unless its terms so provide; but the claimant’s claim against all other persons specified in ORS 31.600 (2) for the injury or wrongful death is reduced by the share of the obligation of the tortfeasor who is given the covenant, as determined under ORS 31.605 and 31.610; and
(b) It discharges the tortfeasor to whom it is given from all liability for contribution to any other tortfeasor.
(2) When a covenant described in subsection (1) of this section is given, the claimant shall give notice of all of the terms of the covenant to all persons against whom the claimant makes claims. [Formerly 18.455]
Section: Previous 31.710 31.715 31.725 31.730 31.735 31.740 31.760 31.800 31.805 31.810 31.815 31.820 31.825 31.980 31.982 NextLast modified: August 7, 2008