This Amicable Settlement Agreement is entered into on
August 17, 2023, by and between:
JHON MICHAEL D. SUAN, Filipino, of legal age, single, and
residing at Brgy. Bagongpook, Lipa City; AND ALIYAH MAXINE L. REYES, Filipino, of legal age, single and residing at Brgy. Marawoy, Lipa City; Collectively referred to as the “Parties”.
WHEREAS, the Parties have been involved in certain disputes
and disagreements that lead to financial matters, which have prompted the Parties to reach an amicable resolution; NOW, THEREFORE, in consideration of the mutual promises contained herein, the Parties hereby agree as follows:
1. Mutual Release: The Parties hereby agree that neither
Party shall have any further obligation to provide monetary contributions or disbursements to the other Party, pertaining to the matters in dispute or any other matter arising from their previous interactions. 2. No Further Legal Action: The Parties mutually declare that they will not initiate or pursue any legal proceedings, including but not limited to lawsuits, claims, or demands against each other, arising from the disputes mentioned herein or any other related matter.
3. Full and Final Settlement: This Agreement constitutes a
full and final settlement of all disputes and claims, whether known or unknown, that have arisen or may arise between the Parties relating to the aforementioned financial matters.
4. Entire Agreement: This Agreement constitutes the entire
agreement between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements, whether oral or written.
IN WITNESS WHEREOF, the parties have hereunto set their
hands this ___ day of _______, 20__ at Lipa City, Philippines.