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Settlement Agreement

This document is a compromise agreement between Imelda Barro and Junipher Baculao regarding a vehicular accident. [1] Imelda and Junipher were involved in an accident on December 18, 2022 in Cebu City. [2] Imelda's vehicle incurred damages and Junipher sustained injuries and was hospitalized. [3] The agreement states that Imelda will pay Junipher 80,000 pesos for medical needs and damages, and that both parties release each other from all liabilities related to the accident and agree not to file lawsuits.

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Clint M. Maratas
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890 views3 pages

Settlement Agreement

This document is a compromise agreement between Imelda Barro and Junipher Baculao regarding a vehicular accident. [1] Imelda and Junipher were involved in an accident on December 18, 2022 in Cebu City. [2] Imelda's vehicle incurred damages and Junipher sustained injuries and was hospitalized. [3] The agreement states that Imelda will pay Junipher 80,000 pesos for medical needs and damages, and that both parties release each other from all liabilities related to the accident and agree not to file lawsuits.

Uploaded by

Clint M. Maratas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Republic of the Philippines)

City of Cebu ) S.S.

COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This COMPROMISE AGREEMENT executed this 21st day of December 2022 in Cebu City, by
and among:

IMELDA DL BARRO of legal age, Filipino, single, with residence address at Purok 1
Barangay San Jose, Cebu City, hereinafter referred to as the FIRST PARTY; and

JUNIPHER BACULAO of legal age, Filipino, married, with residence address at Lower
Linao, Linao, Minglanilla, Cebu hereinafter referred to as the SECOND PARTIES;

WITNESSETH:

WHEREAS, the FIRST PARTY and the SECOND PARTY has been involved in a vehicular
accident in the evening of December 18, 2022 at Cebu City. Drivers of a Mitsubishi Xpander
Felipe Miñ oza with plate no. Y1E343 and Toyota Vios Junipher Baculao-AZ-B207,
respectively ;

WHEREAS, the vehicle of the FIRST PARTY has incurred unestimated damages on the front
portion thereof;

WHEREAS, the Toyota Vios Corominas Taxi Corp. 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 latter’s 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
along 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


THOUSANDPESOS (P 80,000.00) Philippine Currency in favour of the SECOND PARTY to
answer for the latter’s 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 exercising quasi-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
therefore mentioned 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 21st day of May2022
in Cebu City, Philippines.

MARY ANN P. MAGTALAS  ROBERTO MALSI
First Party  Second Party

Witnessed By: __________________________  __________________________


ACKNOWLEDGEMENT

 BEFORE ME, a Notary Public for and in the City of Cebu, 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 21st day of December 2022 at Cebu City, Philippines.

Notary Public

Doc. No. _______;


Page No. _______;
Book No. .______.;
Series of 20_____.

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