Compromise Agreement Format

 Compromise Agreement Format

THIS AGREEMENT of compromise made at __________ on this ____ day of ___________, 2012 between Mr. X son of _____________ resident of ___________________ (hereinafter called Party No. 1) of the ONE PART

                                                                   

                                                                         and 

Mr. Y son of ____________ resident of___________________ (hereinafter called Party No. 2) of the OTHER PART.

WHEREAS disputes and differences have arisen between the parties afore mentioned regarding _____________________.

AND WHEREAS the parties have agreed to settle their disputes and differences amicably between themselves without recourse to litigation and for that purpose are willing to abandon their claims in the manner hereinafter appearing.

NOW THIS DEED WITNESSETH THAT IT IS HEREBY AGREED AS FOLLOWS:

1.

2.

3.

4.

IN WITNESS WHEREOF, the parties have hereunto set and subscribed their respective hands, the day, month and year first above written.

Signed and delivered by the within named A                       Signed and delivered by the within named B

WITNESSES

1.

2.