Scribd Logo
Upload

Welcome to Scribd!

  • 2K views

    COMPROMISE AGREEMENT-with Sale

    Uploaded by

    Jhoey Castillo Bueno
    This compromise agreement is between a plaintiff and defendant regarding a land dispute over a parcel of land. The plaintiff had filed a case for recovery of possession and damages against the defendant. Both parties now wish to settle the matter to avoid further litigation. Under the agreement, the defendant will pay the plaintiff PHP150,000 in exchange for the plaintiff executing a deed transferring ownership of the land to the defendant. Upon payment and execution of the deed, the parties will seek court approval to dismiss the case with prejudice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    COMPROMISE AGREEMENT-with Sale

    Uploaded by

    Jhoey Castillo Bueno
    2K views2 pages
    This compromise agreement is between a plaintiff and defendant regarding a land dispute over a parcel of land. The plaintiff had filed a case for recovery of possession and damages against the defendant. Both parties now wish to settle the matter to avoid further litigation. Under the agreement, the defendant will pay the plaintiff PHP150,000 in exchange for the plaintiff executing a deed transferring ownership of the land to the defendant. Upon payment and execution of the deed, the parties will seek court approval to dismiss the case with prejudice.

    Original Description:

    Legal Form

    Original Title

    COMPROMISE AGREEMENT-with sale

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This compromise agreement is between a plaintiff and defendant regarding a land dispute over a parcel of land. The plaintiff had filed a case for recovery of possession and damages against the defendant. Both parties now wish to settle the matter to avoid further litigation. Under the agreement, the defendant will pay the plaintiff PHP150,000 in exchange for the plaintiff executing a deed transferring ownership of the land to the defendant. Upon payment and execution of the deed, the parties will seek court approval to dismiss the case with prejudice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    COMPROMISE AGREEMENT-with Sale

    Uploaded by

    Jhoey Castillo Bueno
    This compromise agreement is between a plaintiff and defendant regarding a land dispute over a parcel of land. The plaintiff had filed a case for recovery of possession and damages against the defendant. Both parties now wish to settle the matter to avoid further litigation. Under the agreement, the defendant will pay the plaintiff PHP150,000 in exchange for the plaintiff executing a deed transferring ownership of the land to the defendant. Upon payment and execution of the deed, the parties will seek court approval to dismiss the case with prejudice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    COMPROMISE AGREEMENT

          This Agreement executed this 28th day of December, 2020 at Cabagan, Isabela, by
    and between:

          _______________, Filipino, of legal age with address at Simanu Norte, San Pablo,
    Isabela, represented herein by ____________ (hereinafter referred to as “the plaintiff”).

    -and-

          ____________________, Filipino, of legal age with address at Simanu Norte, San


    Pablo, Isabela (hereinafter referred to as “the defendant”).

    WITNESSETH:  That -

    WHEREAS, the plaintiff ___________, instituted the present action for Recovery
    of Possession Based on Ownership and Damages against the defendant _____________
    before the 1st MCTC, San Pablo, Isabela, over Lot AAA, situated in Simanu, San Pablo,
    Isabela, with an area of Eight Hundred Eighty Seven (887) square meters, more or less,
    covered by ________(“Subject Property”), in the name of her late husband BBB;

    WHEREAS, the plaintiff, parties desire to buy peace and wish to avoid a


    protracted litigation in this case;

    WHEREAS, the plaintiff had manifested her willingness to be indemnified for a


    reasonable value for whatever damage, suffering or loss that she had sustained by
    reason of the land dispute and the defendant is likewise willing to meet the demand of
    the plaintiff;

    WHEREAS, both parties have come to a mutually beneficial arrangement as to


    the method of payment and mode of settlement of the instant 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:

    1. The defendant shall pay the amount of ONE HUNDRED FIFTY THOUSAND
    (Php150,000.00) PESOS to the plaintiff upon execution of this Agreement;

    2. The plaintiff shall execute a Deed of Absolute Sale in favor of the defendant over
    the Subject Property, transferring ownership thereof to the defendant;
    3. Upon delivery of the full payment by the defendant and the execution of the
    Deed of Absolute Sale by the parties, they shall seek Court approval of this
    Compromise Agreement.

    4. The parties or their assigns hereby waive, renounce and forever quitclaim all
    their respective claims and counterclaims, if any, subject of the instant action as
    well as those that may arise therefrom, in connection therewith or in relation
    thereto.

    5. The foregoing covenants are not contrary to law, morals, or public policy and the
    parties bind themselves to comply strictly with their undertakings.

    WHEREFORE, the parties are executing this Compromise Agreement to attest


    the truthfulness of the foregoing and accordingly, request the Honorable Court for the
    immediate dismissal of the instant case with prejudice.

    IN WITNESS WHEREOF, we have hereto sets our hands this December 28, 2020
    at Cabagan, Isabela.

    SIGNED IN THE PRESENCE OF:

    DIOKNO R. DOMINGO _________________________


    Witness Witness

    SUBSCRIBED AND SWORN TO before me this December 28, 2020, at


    Cabagan, Isabela.

    You might also like