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The Motor Vehicle Accident Release Form is a crucial legal document used in Hong Kong's jurisdiction when parties wish to settle claims arising from a motor vehicle accident without proceeding to litigation. This document is typically used after negotiations have concluded and a settlement amount has been agreed upon. It operates under Hong Kong's legal framework, particularly the Road Traffic Ordinance (Cap. 374) and the Motor Vehicles Insurance (Third Party Risks) Ordinance (Cap. 272). The form includes detailed information about the accident, parties involved, settlement terms, and specifically releases the paying party from any future claims related to the incident. It's particularly important in cases involving insurance companies and can be used for both personal and commercial vehicle accidents. The document must comply with Hong Kong's legal requirements and typically requires proper witnessing and execution to be legally binding.

1. Parties: Identification of all parties involved: the releasor (person making the claim), releasee (person being released), and their respective details including full legal names, HKID/passport numbers, and addresses

2. Background: Brief description of the accident including date, time, location, vehicles involved, and circumstances leading to the settlement

3. Definitions: Key terms used in the agreement including 'Accident', 'Claim', 'Settlement Amount', and 'Released Claims'

4. Accident Details: Specific details of the accident including vehicle registration numbers, police report numbers (if any), and insurance policy references

5. Settlement Amount: Clear statement of the settlement amount and payment terms, including method and timing of payment

6. Release Terms: Comprehensive description of what claims are being released, including present and future claims relating to the accident

7. No Admission of Liability: Statement that the settlement payment is not an admission of fault or liability

8. Confidentiality: Terms regarding the confidentiality of the settlement and exceptions to confidentiality

9. Governing Law: Specification that the agreement is governed by Hong Kong law

10. Execution: Signature blocks for all parties and witnesses