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1. Parties: Identification of all parties involved in the accident and settlement, including full legal names, addresses, and contact information
2. Background: Brief description of the accident occurrence, including date, time, location, and vehicles involved
3. Definitions: Key terms used in the document defined for clarity, such as 'The Accident', 'The Settlement', 'The Property'
4. Accident Details: Detailed description of the accident circumstances and resulting property damage
5. Settlement Amount: Specific amount agreed upon for the settlement of property damage claims
6. Release Clause: Legal language releasing the paying party from all current and future claims related to the property damage
7. Payment Terms: Details of how and when the settlement amount will be paid
8. Full and Final Settlement: Confirmation that this settlement represents complete resolution of all property damage claims
9. Governing Law: Specification that the agreement is governed by Indian law
10. Signatures: Space for dated signatures of all parties and witnesses
1. Insurance Details: Include when insurance companies are involved in the settlement process
2. Multiple Vehicle Declaration: Required when accident involves more than two vehicles
3. Third Party Rights: Include when there are affected third parties who need to be mentioned but aren't direct parties
4. Non-Admission of Liability: Optional clause stating that settlement payment doesn't constitute admission of fault
5. Confidentiality: Include when parties wish to keep settlement terms private
6. Vehicle Registration Details: Include when multiple vehicles of similar make/model are involved for clarity
1. Schedule A - Damage Assessment Report: Detailed report of property damage with estimated repair costs
2. Schedule B - Photographic Evidence: Photos documenting the damage to all vehicles/property involved
3. Schedule C - Police Report: Copy of official police report or FIR if filed
4. Schedule D - Repair Estimates: Copies of repair estimates from authorized service centers
5. Schedule E - Insurance Documentation: Relevant insurance policies and claim documents if applicable
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Insurance
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Risk Management
Compliance
Documentation
Fleet Operations
Corporate Services
Insurance Claims Adjuster
Risk Manager
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Insurance Agent
Corporate Lawyer
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