Compromise Agreement With Quitclaim
Compromise Agreement With Quitclaim
PROPERTY
THE PARTIES, __________________ represented by his attorney-in-fact,
_________________ and _____________________, most respectfully submit the
Compromise Agreement as follows:
1. For the resolution of the instant case and to avoid further inconvenience among the
parties, ________________________ represented by his attorney-in-fact,
________________________, agrees to pay to _______________________ the amount
of ________________________________ as and by way of purchase with respect to the
parcel of land covered by TCT No. _________________ located at
_____________________, containing an area of _____________________.
2. The plaintiff agreed to pay to defendant the said amount by
_____________________ under the following terms and conditions, to wit:
way
of
2.1.
2.2.
2.3.
2.4.
2.5.
Upon signing of this Agreement, both parties would agree to waive any
and all claims which they have against each other with respect to said
parcel of land;
2.6.
In case of breach of the terms of this Compromise, both parties shall have
the right to file the corresponding Writ of Execution.
By:
______________________
Plaintiff
____________________
Attorney-in-Fact