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Compromise Agreement Template
Compromise Agreement Template
AAAAA,
Accused.
x---------------------------------------x
COMPROMISE AGREEMENT
1.1 The Parties acknowledge that a deed of donation was executed by them in
favor of their common child, ____, on _________________, regarding the Sta.
Rosa Property.
1.2 Private Complainant and ____shall be responsible for paying the outstanding
Association Dues, which currently amount to PHP 19,362.70 as of May 2023, and
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any and all other fees associated with the said property, including taxes and
charges incurred therefor.
2. Loan Agreement:
2.1 The Parties agree to reduce the outstanding loan amount of PHP 700,000.00 to
PHP 400,000.00.
2.2 Accused shall pay PHP 140,000.00 of the reduced loan amount by December
2023. He shall issue a post-dated check for this purpose upon the execution of this
Agreement.
3. ___'s Allowance:
3.1 Accused shall assume the responsibility for providing ____with a monthly
allowance of PHP 15,000.00 until the completion of Matthew's master's degree
program.
4. Affidavit of Desistance:
4.1 Private Complainant shall execute an affidavit of desistance upon the execution
of this Agreement, with the intent to withdraw the criminal case filed against
Accused.
5. General Provisions:
5.1 This Agreement, for all purposes, shall be deemed to have been drafted jointly
by both parties, and shall constitute the entire understanding between them,
superseding all previous agreements or arrangements, and cannot be amended
except in writing and signed by both Parties.
5.3 This Agreement may be executed in any number of copies, each of which
shall be deemed to be a counterpart of the original.
5.4 Each of the parties participated voluntarily, freely, willingly, without force,
intimidation, or coercion in the drafting and negotiation of this Agreement.
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Private Complainant Accused
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ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the above jurisdiction this
______________________ personally appeared:
known to me and to me known to be the same persons who executed the foregoing
Memorandum of Agreement and acknowledged to me that the same is their free
and voluntary act and deed as well as that of the corporations represented herein.
WITNESS MY HAND and Notarial Seal on the date and at the place first
abovewritten.