Full and Final Settlement agreement for traffic accident (no personal injury). This is drafted in favour of the driver not at fault.
This is a settlement agreement for a traffic accident in which there was no personal injury, and this is drafted in favour of the driver not at fault. It comprises 1) a mutual confirmation that no personal injury was involved in the accident and that both parties will not make any complaint to the relevant police, 2) a mutual agreement for Party A to pay Party B a specific sum in settlement of the damages to vehicles arising from the above accident, and 3) Party B acknowledging receipt of full payment of the Settlement Sum from Party A. Also, it requires details which are the date and location of the traffic accident, both parties' name, ID, address and plate number of the relevant vehicle.
traffic accident settlement,
not at fault,
Full and Final settlement,