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Compromise Agreement

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Republic of the Philippines)

Sorsogon City ) S.S.

COMPROMISE AGREEMENT
[With Waiver, Release and Quitclaim]

KNOW ALL MEN BY THESE PRESENTS:

This COMPROMISE AGREEMENT [With Waiver, Release and Quitclaim],


executed this 20th day of November 2019 in Sorsogon City, Philippines, by
and among:

DANILO AREGLO CONTAPAY of legal age, Filipino, married, with


residence address at Bobon, San Isidro, Northern Samar, hereinafter referred
to as the FIRST PARTY; and

LEONARDO D. DOCTOR of legal age, Filipino, married, with residence


address at Pangpang, Sorsogon City hereinafter referred to as the SECOND
PARTY;

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;

WHEREAS, the SECOND PARTY sustained physical injuries because of


the said accident and is now being treated at the Bicol Regional Training and
Teaching Hospital;

WHEREAS, the FIRST PARTY is willing to extend financial help to


SECOND PARTY who is now spending for his hospitalization;

WHEREAS, both parties are desirous of settling amicably the incident


and thereby avoiding a long and costly litigation;

NOW THEREFORE, in consideration of the foregoing premises, the


parties hereby undertake as follows:

1. The FIRST PARTY shall voluntarily undertake to give the sum of


TWENTY THOUSAND PESOS (P 20,000.00) Philippine Currency in favor
of the SECOND PARTY to answer for the latter’s present medical needs
and to reimburse the total amount of any related medical expenses
due to the said accident;

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.

4. The parties hereby mutually, irrevocably, freely and voluntarily release


and forever discharge one another, from any and all manner of action,
causes of action, sum of money, damages, liability, responsibility,
obligation, claims and demands whatsoever in law or equity, which
they had, now have, or may have against each other, including, but not
limited to, actual, moral, exemplary and all other damages or causes of
action provided for under the law, if any, arising, directly or indirectly,
from the facts and circumstances, all of which claims or causes of
action by these presents the parties hereby abandon and waive.

5. This agreement shall not in any way be construed as an admission on


the part of any party of any fault, negligence or liability, of whatever
kind and nature, in connection with the aforementioned accident.

6. The parties shall abide with the provisions of this compromise


agreement in utmost good faith.

IN WITNESS WHEREOF, the parties have hereunto set their hand this
20th day of November 2019 in Sorsogon City, Philippines.

DANILO AREGLO CONTAPAY LEONARDO D.


DOCTOR
First Party Second Party
Driver’s License No. D18-07-005489 Valid
ID:____________________
Issued on:____________________ Issued
on:___________________
Issued at:_____________________ Issued at:___________________

Signed in the presence of:

__________________________ _________________________

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.

This instrument, consisting of two (2) pages, including the page on


which this acknowledgment is written, has been signed on the left margin of
each and every page thereof by the concerned parties and their witnesses,
and sealed with my notarial seal.

WITNESS MY HAND AND SEAL on this 20 th day of November 2019 in


Sorsogon City, Philippines.

Doc. No. ........;


Page No. .......; Notary Public
Book No. .......;
Series of 2019.

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