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1. Parties: Identification of all parties involved: the paying party (typically the vehicle owner, driver, or their insurance company) and the receiving party (the injured party or vehicle owner)
2. Background: Details of the accident including date, location, vehicles involved, and brief description of the incident
3. Definitions: Key terms used throughout the agreement including 'Accident', 'Damages', 'Settlement Amount', and 'Release'
4. Accident Details: Comprehensive description of the accident circumstances and resulting damages
5. Settlement Amount: The agreed-upon compensation amount and what damages it covers
6. Payment Terms: Specific details about how and when the payment will be made
7. Release of Claims: Statement that the receiving party releases the paying party from all claims related to the accident upon payment
8. Confidentiality: Agreement on what information should remain confidential
9. Governing Law: Confirmation that the agreement is governed by German law
10. Signatures: Space for parties to sign and date the agreement
1. Insurance Company Involvement: Section detailing the role and obligations of any involved insurance companies, used when insurers are direct parties to the agreement
2. Installment Payment Plan: Detailed payment schedule when the settlement amount is to be paid in installments
3. Third Party Claims: Provisions regarding potential claims from third parties, used when multiple parties were involved in the accident
4. Medical Treatment Provisions: Specific provisions regarding ongoing or future medical treatment, used when personal injuries are involved
5. Property Damage Resolution: Specific provisions about repair or replacement of damaged property, used when significant property damage is involved
6. Dispute Resolution: Specific procedures for resolving any future disputes, used in complex cases or high-value settlements
1. Schedule A - Damage Documentation: Detailed list and documentation of all damages claimed, including photos and repair estimates
2. Schedule B - Medical Reports: Copies of relevant medical reports and bills if personal injury is involved
3. Schedule C - Police Report: Copy of the official police report or accident report
4. Schedule D - Payment Schedule: Detailed payment plan if installment payments are agreed upon
5. Schedule E - Insurance Documentation: Relevant insurance policies and coverage details
6. Appendix 1 - Photographs: Accident scene and damage photographs
7. Appendix 2 - Witness Statements: Statements from any witnesses to the accident
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