Compromise Agreement
Compromise Agreement
Compromise Agreement
-and-
WITNESSETH: That -
Second payment - ONE MILLION PESOS (P1,000,000.00) within sixty (60) days
after the date of the first payment.
Third payment - ONE MILLION PESOS (P1,000,000.00) within forty-five (45) days
after the date of the second payment.
3. This Compromise Agreement shall not affect nor prejudice any case or cases
between the parties not specifically referred to herein.
5. The signatories to this Agreement hereby represent and warrant that they
are duly authorized to execute this Agreement.
6. The parties or their assigns hereby waive, renounce and forever quitclaim
all their respective claims and counterclaims subject of the instant action as well
as those that may arise therefrom, in connection therewith or in relation thereto.
7. The foregoing covenants are not contrary to law, morals, or public policy
and the parties bind themselves to comply strictly with their undertakings.
IN WITNESS WHEREOF, parties herein affixed their signatures on the
date and place above written.
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Plaintiff Defendant
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