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    Compromise Agreement

    Uploaded by

    Marivic Samonte Viluan
    This document is a compromise agreement between two parties regarding their child. It acknowledges the first party's responsibility to provide financial support to their illegitimate child. It establishes that the first party will deposit $1,200 monthly into a savings account for the child's sustenance, dwelling, and clothing. It also outlines amounts owed for prior months and responsibilities for medical expenses and other benefits for the child. The second party will have permanent custody of the child, while allowing the first party visitation rights.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Compromise Agreement

    Uploaded by

    Marivic Samonte Viluan
    2K views3 pages
    This document is a compromise agreement between two parties regarding their child. It acknowledges the first party's responsibility to provide financial support to their illegitimate child. It establishes that the first party will deposit $1,200 monthly into a savings account for the child's sustenance, dwelling, and clothing. It also outlines amounts owed for prior months and responsibilities for medical expenses and other benefits for the child. The second party will have permanent custody of the child, while allowing the first party visitation rights.

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    Financial Support

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    © Attribution Non-Commercial (BY-NC)

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    This document is a compromise agreement between two parties regarding their child. It acknowledges the first party's responsibility to provide financial support to their illegitimate child. It establishes that the first party will deposit $1,200 monthly into a savings account for the child's sustenance, dwelling, and clothing. It also outlines amounts owed for prior months and responsibilities for medical expenses and other benefits for the child. The second party will have permanent custody of the child, while allowing the first party visitation rights.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views3 pages

    Compromise Agreement

    Uploaded by

    Marivic Samonte Viluan
    This document is a compromise agreement between two parties regarding their child. It acknowledges the first party's responsibility to provide financial support to their illegitimate child. It establishes that the first party will deposit $1,200 monthly into a savings account for the child's sustenance, dwelling, and clothing. It also outlines amounts owed for prior months and responsibilities for medical expenses and other benefits for the child. The second party will have permanent custody of the child, while allowing the first party visitation rights.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The document outlines a compromise agreement between two parties regarding their child where the first party agrees to provide monthly financial support and be responsible for medical expenses, and the second party takes custody of the child.

    The first party agrees to provide monthly financial support of P1,200 to be deposited in a bank account by the end of each month, and to pay outstanding support from previous months totaling P31,200. The support amount may increase with salary increases.

    The second party will have permanent custody of the minor child, subject to the first party's right to visitation and other rights as a father.

    COMPROMISE AGREEMENT

    This Compromise Agreement entered into by and between: ___________________, of legal age, Filipino citizen and a resident of Brgy. ___________________, herein referred to as the FIRST PARTY; AND ___________________, of legal age, Filipino citizen and a resident of ___________________, herein referred to as the SECOND PARTY; WITNESSETH: WHEREAS, the above-named parties are the biological parents of ___________________, born on April 5, 2008; WHEREAS, the parties have decided to amicably thresh out their differences and to avoid any court litigation; NOW THEREFORE, upon the foregoing recitals, the parties agree, as they hereby agree, to enter into this Compromise Agreement under the following: TERMS AND CONDITIONS 1. The FIRST PARTY acknowledges his responsibility to his son, ___________________, his illegitimate child with the SECOND PARTY; 2. The FIRST PARTY shall continue to give the amount of One Thousand Two Hundred (P1,200.00) as month as his financial support to his child to cover for his daily sustenance, dwelling and clothing; 3. This amount shall be deposited on or before the end of the month in a PNB savings account No. 511620900019 under the name of ___________________; 4. The FIRST PARTY shall start to deposit the said amount on or before June 30, 2012 and every month thereafter; 5. The unsettled monthly financial support from the SECOND PARTY for the months of January-March 2009, May-June 2009, January-December 2010, January-December 2011 and JanuaryMay 2012, with a total amount of P31, 200.00, shall be given in _______;

    6. The monthly financial support to his son which the FIRST PARTY undertakes to give shall be increased depending upon the increase in his salary; 7. The medical expenses of ___________________shall be the joint responsibility of the FIRST PARTY and the SECOND PARTY; 8. The FIRST PARTY undertakes to give voluntarily a considerable amount to his minor child out of his 13th month pay, bonuses and other employment benefits without prior demand from the SECOND PARTY; 9. All employment benefits of the FIRST PARTY as well as other insurance policies, such as SSS, Pag-IBIG and PhilHealth, he shall have ___________________ as one of his dependents and beneficiaries; and 10. The SECOND PARTY shall take permanent custody of the minor child ___________________subject to the right of the FIRST PARTY to have visitation privileges and other rights as a father; and This Compromise Agreement is executed by the parties freely and voluntarily and in accordance with law and not contrary to morals, public policy and good customs. IN WITNESS WHEREOF, the parties have hereby affixed their signatures this ______ day of June 2012 at San Fernando City, La Union.

    _______________ First Party

    ___________________ Second Party

    WITNESSES:

    1. ___________________________ 2. ___________________________

    SUBSCRIBED AND SWORN to before me this ________ day of June 2012 at San Fernando City, La Union.

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