Agreement for Car Accident Settlement
This agreement is made on [insert date] between [Party A] and [Party B] in relation to a car accident that occurred on [insert date of accident].
1. Liability: The parties agree that [insert name of party responsible for the accident] is liable for the accident.
2. Payment of Damages: [Name of party responsible for the accident] agrees to pay [Name of other party] the sum of [insert amount] in full and final settlement of all claims arising from the accident.
3. Release of Claims: In exchange for the payment of damages, [Name of other party] agrees to release [Name of party responsible for the accident] from any and all claims arising from the accident, including but not limited to claims for personal injury, property damage, and other damages.
4. Confidentiality: The parties agree to keep the terms of this agreement confidential and not to disclose the terms of this agreement to any third party except as required by law.
5. Governing Law: This agreement shall be governed by and construed in accordance with the laws of [insert state or jurisdiction].
6. Entire Agreement: This agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, and agreements, whether written or oral.
7. Amendment: This agreement may be amended only by written instrument executed by both parties.
8. Counterparts: This agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
9. Signatures: This agreement shall become effective when executed by both parties.
[Party A signature]
[Party A printed name]
[Party B signature]
[Party B printed name]