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This Agreement is entered into this ____ of _____ 20__, in the City of Cebu,
Philippines, by and between:
____________________
, o f l e g a l a g e , F i l i p i n o , a n d r e s i d i n g a t ____________
______________, Cebu, hereafter referred to as the FI!TPAT"
;AND ____________________
, o f l e g a l a g e , F i l i p i n o a n d r e s i d i n g a t ________
__________________, Cebu City Philippines hereafter referred to asthe !#C$%& PA"'
WITNESSETH, THAT:WHEREAS
, F I ! T PA T " a n d ! # C $ % & PA T " a r e t h e a ( ( u s e d a n d t h e
pri)ate( o m p l a i n a n t i n C r i m i n a l C a s e ' % o ' * _ _ _ _ _ _ _ e n t i t l e d
P e o p l e o f t h e P h i l i p p i n e s v s . ___________
for e(+less Impruden(e esulting in !erious Physi(al In ury and &amage
toProperty pending before the -uni(ipal Trial Court in Cities in the City of
______________.hereafter the /Case1 respe(ti)ely
WHEREAS
, the Case stemmed from a )ehi(ular a((ident .the /In(ident1
w h i ( h o((urred between a Toyota Corolla sedan with Plate %o' _________ .the /Car 1,
then dri)en bythe FI!T PAT" and a motor(y(le with se)eral passengers and with Plate
%o' ___________,then dri)en by _______________, the husband of !#C$%& PAT" on
________ 20__
WHEREAS,
as a result of the In(ident and upon the (omplaint of the !#C$%& PAT",the Case was
instituted against the FI!T PAT"
WHEREAS,
during the penden(y of the Case se)eral opportunities for dis(ussions
andn e g o t i a t i o n s o f a p o s s i b l e ( o m p r o m i s e o n m a t t e r s t h a t a r e a l l o w e
d t o b e ( o m p r o m i s e d b y e3isting law were gi)en to the parties by the (ourt
WHEREAS
, after su(h negotiations and dis(ussions the parties mutually reali4ed
anddeem it best and (on)enient to resol)e the (i)il aspe(t of the (ase in an ami(able
manner in orderto a)oid a protra(ted litigation
WHEREAS,
the !#C$%& PA T" had manifested its willingness to be indemnified
areasonable )alue for whate)er damage, suffering or loss that it had
sustained by reason of theI n ( i d e n t a n d t h e F I ! T PA T " i s l i + e w i s e
w i l l i n g t o m e e t t h e d e m a n d s o f t h e ! # C $ % & PAT"
WHEREAS
, both parties ha)e (ome to a mutually benefi(ial arrangement as to
t h e method of payment and mode of settlement of the (i)il aspe(t for its (on)enient and
immediatedisposition
NOW THEREFORE
, for and in (onsideration of the mutual (o)enants and agreementsherein established, the
parties hereto agree as follows: