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1. Parties: Full details and identification of all parties involved in the settlement, including their personal/company details and contact information
2. Background: Details of the accident, including date, location, vehicles involved, and a brief description of the incident
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Settlement Amount: The agreed-upon settlement amount and what it covers (e.g., vehicle damage, medical expenses, pain and suffering)
5. Payment Terms: Details of how and when the settlement amount will be paid, including payment method and schedule
6. Release of Claims: Mutual release of all claims relating to the accident, including future claims
7. Confidentiality: Terms regarding the confidentiality of the settlement and its terms
8. Entire Agreement: Confirmation that this document represents the complete agreement between parties
9. Governing Law: Specification that South African law governs the agreement
10. Signatures: Space for parties' signatures, witnesses, and date of signing
1. Medical Expenses: Detailed section about ongoing or future medical expenses and their coverage, used when injuries are involved
2. Insurance Company Provisions: Specific provisions relating to insurance company involvement, used when insurers are part of the settlement
3. Non-Admission of Liability: Statement that the settlement does not constitute admission of fault, used when specifically requested by either party
4. Vehicle Repair Arrangements: Specific terms about vehicle repairs and approved mechanics, used when repairs are part of the settlement
5. Third Party Claims: Provisions relating to potential third-party claims, used when passengers or other parties were involved
6. Tax Implications: Clarification of tax responsibilities for the settlement amount, used for larger settlements
7. Dispute Resolution: Specific procedures for resolving any disputes about the settlement terms, used in more complex cases
1. Schedule A - Damage Assessment: Detailed assessment report of vehicle damage and repair costs
2. Schedule B - Medical Reports: Copies of relevant medical reports and future treatment plans if injuries were involved
3. Schedule C - Accident Report: Copy of the police accident report or case number
4. Schedule D - Photographic Evidence: Photographs of the accident scene and vehicle damage
5. Schedule E - Expense Records: Detailed list of all expenses being claimed as part of the settlement
6. Schedule F - Insurance Documentation: Relevant insurance policies and correspondence
7. Appendix 1 - Payment Schedule: Detailed payment plan if settlement is to be paid in installments
Agreement
Claim
Claimant
Effective Date
Insurance Provider
Loss
Medical Expenses
Parties
Personal Injury
Property Damage
Release
Respondent
Settlement Amount
Settlement Payment
Vehicle
Witnesses
Writing
Damages
Force Majeure
Liability
Material Breach
Third Party
Business Day
Confidential Information
Insurance Policy
Legal Costs
Notice
Repair Costs
Signature Date
Parties
Recitals
Definitions
Settlement Terms
Payment
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Insurance
Medical Expenses
Property Damage
Future Claims
Indemnification
Dispute Resolution
Governing Law
Force Majeure
Severability
Entire Agreement
Amendment
Notices
Costs
Good Faith
Breach
Termination
Assignment
Third Party Rights
Signature
Insurance
Legal Services
Healthcare
Automotive
Transportation
Risk Management
Financial Services
Emergency Services
Legal
Risk Management
Compliance
Insurance Claims
Corporate Governance
Legal Operations
Document Management
Fleet Administration
Legal Counsel
Insurance Claims Adjuster
Risk Manager
Compliance Officer
Claims Manager
Legal Administrator
Insurance Broker
Claims Assessor
Fleet Manager
Corporate Secretary
Paralegal
Legal Operations Manager
Insurance Underwriter
Settlement Officer
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