Compromise Agreement (50 50 Title)

REPUBLIC OF THE PHILIPPINES )
PROVINCE OF BULACAN ) S.S.
COMPROMISE AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This Agreement is entered into this _______________, in

the___________________, Philippines, by and between:
_______________ of legal age, Filipinos, and with residence at

___________________________, hereafter referred to as the “FIRST
PARTY”;
AND
Juanito Cruz of legal age, Filipinos, and with residence at

___________________________, hereafter referred to as the “SECOND
PARTY”.
WITNESSETH, THAT:
WHEREAS, FIRST PARTY and SECOND PARTY are the Protestant and
the Applicant-Respondent in the CENRO Claim NO. III-2022-003
Cancellation of Free Patent Application No (111-12) 15304-B (`hereafter
the “Case”) respectively;
WHEREAS, the Case involves the subject property particularly

described as Lot No. 2703, CAD No. 303 D located at Bambang Bulacan
Bulacan;
WHEREAS, during the mediation and conciliation of the Case several
opportunities for discussions and negotiations of a possible compromise on
matters that are allowed to be compromised by existing law were given to
the parties;
WHEREAS, after such negotiations and discussions the parties

mutually realized and deem it best and convenient to resolve the case in an
amicable manner in order to avoid a protracted litigation;
WHEREAS, both parties have come to a mutually beneficial

arrangement as to the method of payment and mode of settlement of case
for its convenient and immediate disposition;
NOW THEREFORE, for and in consideration of the mutual covenants

and agreements herein established, the parties hereto agree as follows:
A. FIRST PARTY, by its own independent and voluntary assessment

categorically expresses that the case against SECOND PARTY shall
be withdrawn subject to the following conditions:
i. The subject property shall be divided and partitioned

equally, and registered in the name of each party;
ii. The expenses incurred during registration shall be subject

to proper accounting and shall be shouldered by both
parties equally;
B. SECOND PARTY, by its own independent and voluntary

assessment categorically expresses that FIRST PARTY shall amend
the Free Patent Application and include the name of the SECOND
PARTY subject to the following conditions:
i. The subject property shall be divided and partitioned

equally, and registered in the name of each parties;
ii. The SECOND PARTY shall continue to possess and cultivate
the property until the complete transfer and registration of
the title for each property.
iii. The expenses incurred during registration shall be subject

to proper accounting and shall be shouldered by both
parties equally;
C. BOTH PARTIES, understood that in the event that any of the

above-mentioned conditions were not met, the party at any time
may resort to proper legal remedies to enforce against the
breaching party.
The execution of this Agreement by the parties however, hereby

CONDITIONALLY absolves and releases both parties. It recognized further
that it had been compensated fully and adequately for any damages that
might have endured in connection with the case and therefore undertakes
not to file a claim or suit against each party or any other person or entity
related to or involved in any manner with the case EXCEPT upon breach of
conditions set forth above.
Upon the completion of the condition set forth in this Agreement, the
RELEASE, WAIVER AND QUITCLAIM shall also be executed by the PARTIES
and shall abide by the matters declared therein.
Both parties have executed this Agreement by their own voluntary

act and deed and in their mutually agreed terms. Both parties warrant
further, that they did so with the full understanding of its nature and its
consequence to the pending Case.
First Party Second Party

SIGNED IN THE PRESENCE OF:
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES )

______________ )
BEFORE ME, this ______________________, Philippines personally

appeared the above-named parties with their valid identifications indicated
below their names and signatures above. Known and identified by me
through competent evidence. They presented this integrally complete
instrument and represented to me that the signatures on the instrument
were voluntarily affixed by them for the purpose stated, declaring that they
executed this instrument as their free and voluntary act and deed.
The foregoing instrument refers to the Compromise Agreement with

consisting of three (3) pages including the page on which this
acknowledgement is written, signed by the parties and their instrumental
witnesses on each page hereof, and they acknowledged to me that the same
is their free act and voluntary deed
WITNESS MY HAND AND NOTARIAL SEAL.

Doc No. : ___ NOTARY PUBLIC
Page No. : ___
Book No. : ___
Series of : ___

Compromise Agreement (50 50 Title)

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REPUBLIC OF THE PHILIPPINES )

PROVINCE OF BULACAN ) S.S.

KNOW ALL MEN BY THESE PRESENTS:

This Agreement is entered into this _______________, in

_______________ of legal age, Filipinos, and with residence at

Juanito Cruz of legal age, Filipinos, and with residence at

WHEREAS, the Case involves the subject property particularly

WHEREAS, after such negotiations and discussions the parties

WHEREAS, both parties have come to a mutually beneficial

NOW THEREFORE, for and in consideration of the mutual covenants

A. FIRST PARTY, by its own independent and voluntary assessment

i. The subject property shall be divided and partitioned

ii. The expenses incurred during registration shall be subject

B. SECOND PARTY, by its own independent and voluntary

i. The subject property shall be divided and partitioned

iii. The expenses incurred during registration shall be subject

C. BOTH PARTIES, understood that in the event that any of the

The execution of this Agreement by the parties however, hereby

Both parties have executed this Agreement by their own voluntary

First Party Second Party

REPUBLIC OF THE PHILIPPINES )

BEFORE ME, this ______________________, Philippines personally

The foregoing instrument refers to the Compromise Agreement with

WITNESS MY HAND AND NOTARIAL SEAL.

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