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    Sample Compromise Agreement

    Uploaded by

    Oscarlito D. Fantastico Jr.
    This document is a compromise agreement between two parties involved in a vehicular accident in May 2012. The first party was the driver of a Suzuki Jimny that incurred front damages after colliding with the unregistered motorcycle of the second party. The second party sustained injuries and was hospitalized, with the first party providing initial financial assistance. The parties now wish to settle the matter amicably to avoid litigation. They agree that the first party will provide additional funds to the second party for medical needs and damages. Both parties also agree to release each other from any further liabilities or obligations related to the accident and not to file any civil, administrative, or criminal cases against each other regarding this incident.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Sample Compromise Agreement

    Uploaded by

    Oscarlito D. Fantastico Jr.
    814 views2 pages
    This document is a compromise agreement between two parties involved in a vehicular accident in May 2012. The first party was the driver of a Suzuki Jimny that incurred front damages after colliding with the unregistered motorcycle of the second party. The second party sustained injuries and was hospitalized, with the first party providing initial financial assistance. The parties now wish to settle the matter amicably to avoid litigation. They agree that the first party will provide additional funds to the second party for medical needs and damages. Both parties also agree to release each other from any further liabilities or obligations related to the accident and not to file any civil, administrative, or criminal cases against each other regarding this incident.

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    A sample of a Compromise Agreement

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    This document is a compromise agreement between two parties involved in a vehicular accident in May 2012. The first party was the driver of a Suzuki Jimny that incurred front damages after colliding with the unregistered motorcycle of the second party. The second party sustained injuries and was hospitalized, with the first party providing initial financial assistance. The parties now wish to settle the matter amicably to avoid litigation. They agree that the first party will provide additional funds to the second party for medical needs and damages. Both parties also agree to release each other from any further liabilities or obligations related to the accident and not to file any civil, administrative, or criminal cases against each other regarding this incident.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    814 views2 pages

    Sample Compromise Agreement

    Uploaded by

    Oscarlito D. Fantastico Jr.
    This document is a compromise agreement between two parties involved in a vehicular accident in May 2012. The first party was the driver of a Suzuki Jimny that incurred front damages after colliding with the unregistered motorcycle of the second party. The second party sustained injuries and was hospitalized, with the first party providing initial financial assistance. The parties now wish to settle the matter amicably to avoid litigation. They agree that the first party will provide additional funds to the second party for medical needs and damages. Both parties also agree to release each other from any further liabilities or obligations related to the accident and not to file any civil, administrative, or criminal cases against each other regarding this incident.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Republic of the Philippines)

    Province of La Union) S.S.


    San Fernando City, La Union)

    COMPROMISE AGREEMENT
    [With Waiver, Release and Quitclaim]

    KNOW ALL MEN BY THESE PRESENTS:

    This COMPROMISE AGREEMENT [With Waiver, Release and Quitclaim], executed this ___ day
    of June 2018 in San Fernando City, La Union, by and among:

    _________________, of legal age, Filipino, married, with residence address


    at____________________, hereinafter referred to as the FIRST PARTY;

    -and-

    ____________________, of legal age, Filipino, married, with residence address at


    ___________________________________, hereinafter referred to as the SECOND PARTIES;

    WITNESSETH: THAT

    WHEREAS, the FIRST PARTY and the SECOND PARTY has been involved in a vehicular
    accident inthe morning of May 23, 2012 at Pasig City being the drivers of a Suzuki Jimny with
    plate no. ________ and an unregistered motorcycle, respectively;

    WHEREAS the vehicle of the FIRST PARTY has incurred unestimated damages on the front
    portion thereof;

    WHEREAS the motorcycle of the SECOND PARTY likewise incurred damages;

    WHEREAS the SECOND PARTY sustained physical injuries because of the said accident and is
    now being treated at ______________Hospital;

    WHEREAS the SECOND PARTY has already extended financial help in favor of the SECOND
    PARTY during the first day of the latter’s hospitalization in the sum of more or
    ____________________________( ________________) Philippine Currency;

    WHEREAS, both parties are desirous of settling amicably the incident and thereby avoiding along
    and costly litigation;

    NOW, THEREFORE, in consideration of the foregoing premises, the parties hereby undertake
    asfollows:

    1. The FIRST PARTY shall voluntarily undertake to give the additional sum of
    ________________________________ (P _____________) Philippine Currency in favor of the
    SECOND PARTY to answer for the latter’s medical needs and whatever damages he may have
    sustained due to the said accident:

    2. The parties agree to, release each other free from any liabilities and obligation/s
    whatsoeverresulting from the accident, including all claims and counterclaims therein, and agree
    not to fileany case, whether civil, administrative or criminal, of any kind or nature whatsoever, in
    anycourt, tribunal, or government agencies execerciseing qusi-judicial function arising from
    thesame facts, incident, claim, cause or causes of action

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