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    Compromise Agreement

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    ai ning
    Mary Ann Magtalas and Roberto Malsi were involved in a vehicular accident where Magtalas' Suzuki Jimny collided with Malsi's motorcycle. Malsi sustained injuries and was hospitalized. To settle the matter amicably and avoid litigation, the parties signed a compromise agreement. Magtalas agreed to pay Malsi 80,000 pesos for medical needs and damages. Both parties waived all claims and agreed not to file any cases related to the accident. They mutually released each other from all liability and obligations arising from the accident.

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    Compromise Agreement

    Uploaded by

    ai ning
    26K views2 pages
    Mary Ann Magtalas and Roberto Malsi were involved in a vehicular accident where Magtalas' Suzuki Jimny collided with Malsi's motorcycle. Malsi sustained injuries and was hospitalized. To settle the matter amicably and avoid litigation, the parties signed a compromise agreement. Magtalas agreed to pay Malsi 80,000 pesos for medical needs and damages. Both parties waived all claims and agreed not to file any cases related to the accident. They mutually released each other from all liability and obligations arising from the accident.

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    96145844 Compromise Agreement

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    Mary Ann Magtalas and Roberto Malsi were involved in a vehicular accident where Magtalas' Suzuki Jimny collided with Malsi's motorcycle. Malsi sustained injuries and was hospitalized. To settle the matter amicably and avoid litigation, the parties signed a compromise agreement. Magtalas agreed to pay Malsi 80,000 pesos for medical needs and damages. Both parties waived all claims and agreed not to file any cases related to the accident. They mutually released each other from all liability and obligations arising from the accident.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26K views2 pages

    Compromise Agreement

    Uploaded by

    ai ning
    Mary Ann Magtalas and Roberto Malsi were involved in a vehicular accident where Magtalas' Suzuki Jimny collided with Malsi's motorcycle. Malsi sustained injuries and was hospitalized. To settle the matter amicably and avoid litigation, the parties signed a compromise agreement. Magtalas agreed to pay Malsi 80,000 pesos for medical needs and damages. Both parties waived all claims and agreed not to file any cases related to the accident. They mutually released each other from all liability and obligations arising from the accident.

    Copyright:

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    of 2

    Republic of the Philippines) Pasig City, Metro Manila ) S.S.

    COMPROMISE AGREEMENT [With Waiver, Release and Quitclaim]


    KNOW ALL MEN BY THESE PRESENTS: This COMPROMISE AGREEMENT [With Waiver, Release and Quitclaim], executed this 25th day of May 2012 in Pasig City, Metro Manila, by and among: MARY ANN P. MAGTALAS of legal age, Filipino, single, with residence address at Unit 906 Valle Verde Terraces, Meralco Avenue cor. Gen. Segunda, Pasig City, hereinafter referred to as the FIRST PARTY; and ROBERTO MALSI of legal age, Filipino, married, with residence address at No. 10 Latundan Street, Talanay, Area B, Batasan, Quezon City hereinafter referred to as the SECOND PARTIES; WITNESSETH: THAT WHEREAS, the FIRST PARTY and the SECOND PARTY has been involved in a vehicular accident in the morning of May 23, 2012 at Pasig City being the drivers of a Suzuki Jimny with plate no. XPE 842 and an unregistered motorcycle, respectively ; WHEREAS the vehicle of the FIRST PARTY has incurred unestimated damages on the front portion thereof; WHEREAS the motorcycle of the SECOND PARTY likewise incurred damages; WHEREAS the SECOND PARTY sustained physical injuries because of the said accident and is now being treated at the Rizal Memorial Medical Hospital; WHEREAS the SECOND PARTY has already extended financial help in favor of the SECOND PARTY during the first day of the latters hospitalization in the sum of more or less TEN THOUSAND PESOS ( P10,000.00) Philippine Currency; WHEREAS, both parties are desirous of settling amicably the incident and thereby avoiding a long and costly litigation; NOW, THEREFORE, in consideration of the foregoing premises, the parties hereby undertake as follows: 1. The FIRST PARTY shall voluntarily undertake to give the additional sum of EIGHTY THOUSAND PESOS (P 80,000.00) Philippine Currency in favor of the SECOND PARTY to answer for the latters medical needs and whatever damages he may have sustained due to the said accident : 2. The parties agree to, release each other free from any liabilities and obligation/s whatsoever resulting from the accident, including all claims and counterclaims therein, and agree not to file any case, whether civil, administrative or criminal, of any kind or nature whatsoever, in any court, tribunal, or government agencies execerciseing qusi-judicial function arising from the same facts, incident, claim, cause or causes of action.

    3. The parties hereby mutually, irrevocably, freely and voluntarily release and forever discharge one another, from any and all manner of action, causes of action, sum of money, damages, liability, responsibility, obligation, claims and demands whatsoever in law or equity, which they had, now have, or may have against each other, including, but not limited to, actual, moral, exemplary and all other damages or causes of action provided for under the law, if any, arising, directly or indirectly, from the facts and circumstances, all of which claims or causes of action by these presents the parties hereby abandon and waive. 4. This agreement shall not in any way be construed as an admission on the part of any party of any fault, negligence or liability, of whatever kind and nature, in connection with the aforementioned accident. 5. The parties shall abide with the provisions of this compromise agreement in utmost good faith.

    IN WITNESS WHEREOF, the parties have hereunto set their hand this 24th day of May 2012 in Pasig City, Metro Manila.

    MARY ANN P. MAGTALAS First Party

    ROBERTO MALSI Second Party

    Witnessed By: __________________________ __________________________

    ACKNOWLEDGEMENT BEFORE ME, a Notary Public for and in the City of Pasig, Metro Manila, personally appeared MARY ANN P. MAGTALAS and ROBERTO MALSI with their valid identification cards, known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same are their free act and voluntary deed. This instrument, consisting of two (2) pages, including the page on which this acknowledgment is written, has been signed on the left margin of each and every page thereof by the concerned parties and their witnesses, and sealed with my notarial seal. WITNESS MY HAND AND SEAL on this 24th day of May 2012 at Pasig City

    Notary Public Doc. No. ........; Page No. .......; Book No. .......; Series of 20__.

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