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1. Parties: Identification of all parties involved in the agreement, including full legal names, addresses, and contact information of both the paying party and receiving party
2. Background: Details of the accident including date, time, location, vehicles involved, and brief description of the incident
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Accident Details: Comprehensive description of damages sustained, injuries if any, and other relevant details of the incident
5. Settlement Amount: The agreed-upon payment amount and what damages/claims it covers
6. Payment Terms: Details of how and when the payment will be made, including installment terms if applicable
7. Release of Claims: Statement releasing the paying party from future claims related to the accident upon payment
8. Confidentiality: Agreement on what information should remain confidential between parties
9. Governing Law: Specification that Philippine law governs the agreement
10. Execution: Signature blocks and execution requirements
1. Insurance Claims: Details of any insurance claims and coordination of benefits, used when insurance companies are involved
2. Medical Expenses: Breakdown of medical expenses and future medical treatment provisions, included when personal injuries are involved
3. Property Damage: Detailed assessment of vehicle and property damage, used when significant property damage needs itemization
4. Witnesses: Information about witnesses to the accident, included when witness statements are relevant to the settlement
5. Dispute Resolution: Alternative dispute resolution procedures, included for more complex agreements
6. Non-Admission of Liability: Statement that payment does not constitute admission of fault, used when specifically requested by paying party
7. Installment Payment Schedule: Detailed payment schedule, used when payments will be made in installments rather than lump sum
1. Schedule A - Damage Assessment Report: Detailed report of vehicle damage and repair estimates from authorized assessor
2. Schedule B - Medical Reports: Copies of medical reports and bills if personal injury is involved
3. Schedule C - Police Report: Copy of the police report or official accident report
4. Schedule D - Photographs: Photographs of the accident scene and vehicle damage
5. Schedule E - Payment Schedule: Detailed breakdown of payment installments if applicable
6. Appendix 1 - Witness Statements: Sworn statements from witnesses if available
7. Appendix 2 - Insurance Documentation: Relevant insurance policies and claim documentation
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Safety and Security
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Risk Manager
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