Auto Accident Settlement Agreement
I. Introduction
This Auto Accident Settlement Agreement ("Agreement") is made and entered into as of [DATE] by and between [PLAINTIFF NAME] ("Plaintiff") and [DEFENDANT NAME] ("Defendant"). The purpose of this Agreement is to provide a final settlement for claims related to the auto accident occurring on [DATE OF ACCIDENT], at [LOCATION OF ACCIDENT].
II. Parties Involved
[PLAINTIFF NAME], an individual residing at [PLAINTIFF ADDRESS].
[DEFENDANT NAME], an individual residing at [DEFENDANT ADDRESS].
III. Statement of Facts
On the date of [DATE OF ACCIDENT], a vehicular accident occurred involving a [PLAINTIFF VEHICLE DESCRIPTION] driven by [PLAINTIFF NAME] and a [DEFENDANT VEHICLE DESCRIPTION] driven by [DEFENDANT NAME]. The accident resulted in the following damages and injuries:
Damage to the [PLAINTIFF’S VEHICLE/DEFENDANT’S VEHICLE/BOTH VEHICLES]
Physical injuries to [NAMES OF INJURED PARTIES]
Other losses: [DESCRIPTION OF ANY OTHER LOSSES]
IV. Terms of Settlement
The following are the agreed terms of settlement to resolve all claims associated with the accident:
[DEFENDANT NAME] agrees to pay the sum of [SETTLEMENT AMOUNT] to [PLAINTIFF NAME] as a full settlement.
Payment due date: [DUE DATE]
Method of payment: [PAYMENT METHOD]
The [PLAINTIFF NAME] agrees to dismiss all legal actions related to the accident upon receipt of the agreed payment.
V. Release of Claims
By signing this Agreement, [PLAINTIFF NAME] fully releases [DEFENDANT NAME] from any claims, demands, or liability arising from the accident of [DATE OF ACCIDENT] at [LOCATION OF ACCIDENT]. This release extends to all heirs, executors, and administrators of [PLAINTIFF NAME] and is binding upon signature.
VI. Confidentiality
Both parties agree to maintain the confidentiality of the terms of this Agreement. Disclosure of any details related to the settlement may be made only as required by law or with the written consent of both parties.
VII. Additional Provisions
Any additional provisions agreed upon by the parties, such as property repairs, insurance claims processing, or any other specific conditions, shall be listed here:
VIII. Agreement Finalization
This Agreement is executed by the parties as a binding contract, under the laws of [GOVERNING LAW STATE OR REGION]. This document serves as a complete and exclusive statement of the Agreement between the parties, superseding all previous negotiations or agreements.
Signatories
This Agreement is signed by:
[PLAINTIFF NAME]
Date: [DATE]
[DEFENDANT NAME]
Date: [DATE]
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