Compromise Agreement
Compromise Agreement
Compromise Agreement
COMPROMISE AGREEMENT
[With Waiver, Release and Quitclaim]
WITNESSETH: That-
WHEREAS, the FIRST PARTY and the SECOND PARTY has been
involved in a vehicular accident in the morning of November 10, 2019 at
Peralta Street, Burabod, Sorsogon City being the drivers of an L-300 type
vehicle with plate no. EBM 358 and a registered RUSI motorcycle,
respectively;
2. The parties agree that FIRST PARTY will give to date the amount of TEN
THOUSAND PESOS (Php10,000.00) as partial payment and the balance
will be payable every two weeks thereafter until fully paid. Additional
medical expenses if there will be shall be paid in full after presentment
of official receipts of said expenses;
3. The parties likewise agree to release each other free from any
liabilities and obligation/s whatsoever resulting from the accident,
including all claims and counterclaims therein, and agree not to file
any case, whether civil, administrative or criminal, of any kind or
nature whatsoever, in any court, tribunal, or government agencies
exercising quasi-judicial function arising from the same facts, incident,
claim, cause or causes of action.
IN WITNESS WHEREOF, the parties have hereunto set their hand this
20th day of November 2019 in Sorsogon City, Philippines.
__________________________ _________________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the Sorsogon City, Sorsogon,
personally appeared DANILO AREGLO CONTAPAY and LEONARDO D.
DOCTOR with their valid identification cards, known to me and to me known
to be the same persons who executed the foregoing instrument and
acknowledged to me that the same are their free act and voluntary deed.