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    Compromise Agreement Know All Men by These Presents

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    Geni Tayamin
    This document is a compromise agreement between Manuel Ramirez and Rosalia Ballas to settle damages from a vehicular accident. [1] Manuel Ramirez's truck sideswiped Paolo Ballas's bicycle, causing severe injuries, though Manuel fled the scene. [2] To settle the case amicably, Manuel paid Php 50,000 for Paolo's medical expenses and another Php 50,000 after Paolo's death, fully covering costs. [3] Both parties waive legal rights against each other regarding this incident per the agreement's terms.

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    © All Rights Reserved
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    Compromise Agreement Know All Men by These Presents

    Uploaded by

    Geni Tayamin
    374 views2 pages
    This document is a compromise agreement between Manuel Ramirez and Rosalia Ballas to settle damages from a vehicular accident. [1] Manuel Ramirez's truck sideswiped Paolo Ballas's bicycle, causing severe injuries, though Manuel fled the scene. [2] To settle the case amicably, Manuel paid Php 50,000 for Paolo's medical expenses and another Php 50,000 after Paolo's death, fully covering costs. [3] Both parties waive legal rights against each other regarding this incident per the agreement's terms.

    Original Title

    COMPROMISE-AGREEMENT_CAR-ACCIDENT (1)

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    This document is a compromise agreement between Manuel Ramirez and Rosalia Ballas to settle damages from a vehicular accident. [1] Manuel Ramirez's truck sideswiped Paolo Ballas's bicycle, causing severe injuries, though Manuel fled the scene. [2] To settle the case amicably, Manuel paid Php 50,000 for Paolo's medical expenses and another Php 50,000 after Paolo's death, fully covering costs. [3] Both parties waive legal rights against each other regarding this incident per the agreement's terms.

    Copyright:

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

    Compromise Agreement Know All Men by These Presents

    Uploaded by

    Geni Tayamin
    This document is a compromise agreement between Manuel Ramirez and Rosalia Ballas to settle damages from a vehicular accident. [1] Manuel Ramirez's truck sideswiped Paolo Ballas's bicycle, causing severe injuries, though Manuel fled the scene. [2] To settle the case amicably, Manuel paid Php 50,000 for Paolo's medical expenses and another Php 50,000 after Paolo's death, fully covering costs. [3] Both parties waive legal rights against each other regarding this incident per the agreement's terms.

    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 2

    COMPROMISE AGREEMENT

    KNOW ALL MEN BY THESE PRESENTS:

    THIS AGREEMENT is entered into by and between the following parties:

    MANUEL G. RAMIREZ, Filipino, of legal age, married


    and a resident of Zone 6, Centro Poblacion, Baggao,
    Cagayan, hereinafter referred to as the “FIRST PARTY”;

    -and-

    ROSALIA B. BALLAS, Filipino, of legal age, married


    and a resident of Caimito St., Tanza, Tuguegarao City,
    Cagayan, hereinafter referred to as the “SECOND
    PARTY”;

    WITNESSETH: -

    WHEREAS, the parties hereto had mutually agreed to the following terms and
    conditions for the settlement of all damages and expenses caused by a vehicular accident
    between the FIRST PARTY and the son of the SECOND PARTY, to wit:

    “Initial investigation gathered by the investigator-on-case shows that


    prior to the incident, Mr. Ballad was driving his bicycle while on his way
    home along Maharlika Highway, Libag Norte, Tuguegarao City, Cagayan
    heading north direction while the vehicle described as Isuzu ten-wheeler
    truck, bearing Plate No. WTA 497, driven by Mr. Ramirez which was
    likewise traversing along Maharlika Highway, heading the same direction.
    That upon reaching the place of incident, particularly before Libag
    Elementary School, said vehicle overtook and accidentally side sweep the
    victim that caused the victim to fall on the pavement of the road and he ran-
    over by said truck that caused him (victim) to sustain severe injury.
    However, said vehicle did not stop and fled towards Peñablanca, Cagayan
    and moment later, duty radio operator PSSg Eugenio Turaray informed
    PCpl Heherson Lagua, duty investigator of PCP Libag that said suspect
    voluntarily surrendered himself to this office (Main Station) together with his
    driven vehicle.”

    WHEREAS, all parties expressed their sincerity in settling the case through amicable
    settlement, and with their efforts it has been agreed that the both parties will help each other in
    the medical expenses of victim PAOLO B. BALLAD.

    That, on October 04, 2021, the FIRST PARTY gave, as a sign of good faith and initial
    payment, FIFTY THOUSAND PESOS (Php 50,000.00). that due to the sudden Death of
    PAOLO BALLAD, the FIRST PARTY hereto gives another amount of FIFTY THOUSAND
    PESOS (Php 50,000.00) that will serve as the full payment to cover the expenses of PAOLO
    BALLAD.

    The Compromise Agreement entered into by the parties will serve as proof of their
    mutual understanding and, in view of the understanding the same, the matter has been clearly
    threshed out and there is no more need to press/file any complaint;

    That in violation of the terms and conditions of this Compromise Agreement, either
    Party may seek to redress to the proper court of law, however, at this moment BOTH PARTIES,
    by this Agreement, shall waive any right against each other.
    This Agreement shall take effect immediately upon signing unless sooner revoked or
    rescind by another instrument.

    IN WITNESS WHEREOF, the parties hereunto set their hands this 6 th day of October
    2021 at Tuguegarao City, Cagayan, Philippines.

    MANUEL G. RAMIREZ ROSALIA B. BALLAS


    First Party Second Party
    DL No. B04-88-013202

    ACKNOWLEDGMENT

    Republic of the Philippines )


    Tuguegarao City, Cagayan ) S.S.
    x-------------------------------------------x

    BEFORE ME, personally appeared the above-named parties, who signed the instrument
    consisting of two (2) pages and acknowledge the same as their free act and voluntary deed.

    WITNESS MY HAND on the date stated above.

    Doc. No. ____;


    Page No. ____;
    Book No. ____;
    Series of 2021.

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