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Private Settlement Form

Both parties have agreed to settle a motor vehicle accident amicably without liability. Party A paid Party B $________ to acknowledge receipt in full settlement for all damages from the accident. Both parties received their vehicles back in good condition after repairs and agreed not to make a police report or insurance claim about the accident.

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ZannyRyanQuiroz
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3K views1 page

Private Settlement Form

Both parties have agreed to settle a motor vehicle accident amicably without liability. Party A paid Party B $________ to acknowledge receipt in full settlement for all damages from the accident. Both parties received their vehicles back in good condition after repairs and agreed not to make a police report or insurance claim about the accident.

Uploaded by

ZannyRyanQuiroz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Rev 01

PRIVATE SETTLEMENT FORM

1. Details of Accident
Date / Time:
Location:
2a. Motor-vehicle registration no. driven by
(Name & NRIC)
2b. Motor-vehicle registration no. driven by
(Name & NRIC)
3. There were no personal injuries or death involved.
4. The parties have agreed to settle this matter amicably as follows:

*a. Neither party shall be liable to compensate the other party for any loss or
damages (direct or indirect) incurred or to be incurred as a result of the
accident.
*b. without any admission of liability, (Party paying
compensation) has paid a sum of $_________ which
(Owner receiving compensation) hereby acknowledges receipt
there of in full and final settlement of all damages and cost incurred and/or
to be incurred as a result of the accident.
*c. That (Name & NRIC no.) have received the
aforesaid vehicle in good running order and damages that were caused as a
result of the above-mentioned accident were repaired to satisfaction.

5. Both parties have not and will not make a police report of this accident.
6. Both parties will not file any accident claims for this accident.

Name : Name :
NRIC : NRIC :
Signature : Signature :
Date : Date :
(Paying Party) (Party receiving compensation)

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