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Release For Property Damage In Auto Accident
"I need a Release For Property Damage In Auto Accident to settle a minor fender-bender involving my company's delivery van, with a settlement amount of SGD 3,500 and need to ensure our insurance company is copied on all documentation."
1. Identification of Parties: Details of the releasor and releasee, including full names, addresses, and vehicle information
2. Accident Details: Date, time, location, and brief description of the accident
3. Consideration: Statement of the settlement amount or other consideration being provided
4. Release Statement: Formal statement of release from all claims related to the property damage
5. Governing Law: Specification that Singapore law governs the agreement
1. Insurance Details: Information about insurance policies and claims, used when insurers are involved in handling the settlement
2. Non-Admission of Liability: Statement that the settlement does not constitute admission of fault, used when specifically requested by the releasee
3. Confidentiality: Terms regarding confidentiality of the settlement, used when parties wish to keep settlement details private
1. Damage Assessment Report: Detailed description of property damage and repair estimates
2. Photographs: Visual documentation of the damage
3. Police Report: Copy of official accident report if available
Authors
Release
Indemnification
Confidentiality
Entire Agreement
Governing Law
Severability
No Admission of Liability
Binding Effect
Representation and Warranties
Full Settlement
Voluntary Agreement
Non-Assignment
Amendment
Further Assurance
Costs and Expenses
Notices
Dispute Resolution
Waiver
Force Majeure
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