ROAD ACCIDENT SETTLEMENT DEED
__________, of __________ (the "Claimant"); and
__________, of __________ (the "Other Party").
- 1. THE ACCIDENT
- 2. THE SETTLEMENT
2.3 The Claimant shall give a written receipt for each payment.
- 3. WHAT THE CLAIMANT GIVES UP
3.1 On receiving the whole Settlement Amount, the Claimant accepts it in full and final settlement of the loss described in clause 2.1, and shall make no further money claim against the Other Party for that loss arising from the accident.
3.2 Until the whole Settlement Amount is paid, the Claimant keeps every right to claim. If the Other Party fails to pay on time, the Claimant may sue for the unpaid amount.
- 4. WHAT THIS DEED DOES NOT DO
4.1 This Deed is a private settlement of a money claim. It does not promise that any police case, report or prosecution will be withdrawn or closed, and nothing in it is paid for that purpose. The police and the courts may act as the law allows. If a case is pending, either Party may tell the court of this settlement, and what effect it has is for the court.
4.2 This Deed does not bind an insurer, the Motor Accident Claims Tribunal or any other person who is not a party to it, and does not cover any loss or injury other than that described in clause 2.1, nor any loss to a third person.
- 5. GENERAL
5.1 Each Party signs of their own free will, after reading this Deed, and nothing in it is an admission of fault by either Party unless the Parties have said so in clause 1.2.
5.2 This Deed is made in two copies, and each Party keeps one.
Signed on the date and at the place stated above.
Claimant: __________
Signature: ______________________________
Other Party: __________
Signature: ______________________________
Witness 1 (name, address, signature): ______________________________
Witness 2 (name, address, signature): ______________________________