I, __________________________, Filipino, of legal age and a
resident of _____________, hereby DECLARE AND MANIFEST:
That for and in consideration of the amount of _____________
(P_____________) in cash, in hand received to my full and complete satisfaction, and the payment and settlement by _____________ of the expenses incurred by the _____________ for the damage to my motor vehicle, I hereby absolutely release, completely clear, and forever discharge the said _____________ and his driver _____________ from any action, cause of action, sum of money, liability, damages, claims and demands whatsoever, which in law or in equity I have, or which my heirs, insurer, successors and assigns hereafter may have upon or by reason of the damage sustained by my motor vehicle with Plate No. ______________ arising from the accident which happened on _____________ at _____________ involving our said _____________ registered in the name of the undersigned _____________ and the _____________ motor vehicle with Plate No. _____________ owned by the said _____________ with the intention to completely and absolutely waive all my right of action, causes of action, claims and demands, of whatever nature, arising from, or in connection with the aforementioned accident.
I further warrant that I will institute no further action against
the said _____________ and/or his driver _____________ arising from, by reason of, or in connection with, the aforementioned vehicular accident. I also manifest that the said payment / settlement made by the said _____________ shall not be taken by us, our heirs, our insurer or assigns, as a confession and/or admission of liability on the part of the said _____________ or by his driver _____________ in connection with the aforementioned accident.
IN WITNESS WHEREOF, I have hereunto set my hand this