Car Accident Release Of Liability Form Template for Singapore

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Key Requirements PROMPT example:

Car Accident Release Of Liability Form

"I need a Car Accident Release Of Liability Form for a two-vehicle collision that occurred on January 15, 2025, where my insurance company has agreed to pay SGD 25,000 to settle all claims, and I want to ensure complete confidentiality of the settlement terms."

Document background

The Car Accident Release Of Liability Form is a crucial document used in Singapore when parties wish to settle claims arising from a motor vehicle accident without court intervention. It serves as a formal agreement where one party (the releasor) agrees to give up their right to sue or make future claims against another party (the releasee) in exchange for specified compensation. This document must comply with Singapore's Road Traffic Act, Motor Vehicles Act, and related legislation. It typically includes accident details, settlement terms, and specific provisions required under Singapore law. The form is particularly important for insurance companies, individuals, and businesses seeking to achieve final resolution of accident-related claims.

Suggested Sections

1. Parties: Identification of releasor and releasee, including full legal names and addresses

2. Background: Details of the accident including date, time, location, and vehicles involved

3. Definitions: Key terms used in the agreement

4. Release Terms: Specific terms of the release, including scope of claims being released

5. Consideration: Details of the settlement amount or other consideration

6. Execution: Signature blocks and witnessing requirements

Optional Sections

1. Insurance Details: Information about involved insurance policies - use when insurance companies are involved in settlement

2. Confidentiality: Terms regarding confidentiality of settlement - use when parties want to keep settlement terms private

3. Non-Admission of Liability: Statement that settlement does not constitute admission of fault - use when requested by releasing party

Suggested Schedules

1. Accident Report: Copy of official accident report or documentation

2. Damage Assessment: Documentation of vehicle damage and repair estimates

3. Medical Reports: If personal injury was involved, relevant medical documentation

4. Insurance Documentation: Copies of relevant insurance policies or claim documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Insurance
Transport
Legal Services
Automotive

Relevant Teams

Legal
Risk Management
Operations
Compliance
Finance

Relevant Roles

Claims Adjuster
Risk Manager
Legal Counsel
Fleet Manager
Compliance Officer

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Let's create your Car Accident Release Of Liability Form

Authors

Alex Denne

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