The Full And Final Settlement Letter Car Accident is a crucial document used in the United Arab Emirates to formally conclude all matters related to a vehicular accident. This document becomes necessary when parties involved in a car accident reach an agreement regarding compensation for damages, injuries, or other related claims. The letter must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and UAE Federal Traffic Law No. 21 of 1995, ensuring all settlement terms are legally binding and enforceable. It typically includes detailed information about the accident, parties involved, settlement amount, and a comprehensive release clause. The document serves as protection for both parties, preventing any future claims related to the same incident, and is often required by insurance companies and legal authorities for their records.
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1. Letter Header: Date, reference number, and formal letterhead details
2. Parties' Information: Full names, addresses, and contact details of all involved parties, including vehicle details and license numbers
3. Accident Details: Date, time, location, and brief description of the accident, including police report reference number
4. Settlement Amount: Clear statement of the agreed settlement amount in numbers and words
5. Settlement Scope: Description of what the settlement covers (property damage, personal injury, etc.)
6. Release Statement: Clear statement releasing the paying party from all current and future claims related to the accident
7. Payment Details: Method and timing of payment, including bank details if applicable
8. Declaration of Free Will: Statement confirming the settlement is entered into freely and without coercion
9. Closing: Signature blocks for all parties, with space for witnesses
1. Insurance Company Details: Include when insurance companies are involved in the settlement process
2. Medical Treatment Declaration: Include when the settlement involves personal injury and completed medical treatment
3. Third Party Rights: Include when there are other affected parties who need to be mentioned
4. Language Declaration: Include when one or more parties are non-Arabic speakers, confirming understanding of the document
5. Legal Representative Statement: Include when any party is represented by a legal representative
1. Police Report: Copy of the official police report of the accident
2. Damage Assessment: Photos and professional assessment of vehicle damage
3. Medical Reports: If applicable, medical reports documenting injuries and treatment
4. Identity Documents: Copies of Emirates IDs, driving licenses, and vehicle registration
5. Insurance Documents: Relevant insurance policies and claim documentation
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