Car Accident Release Of Liability Form

Car Accident Release Of Liability Form Template for Malaysia

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Key Requirements PROMPT example:

"I need a Car Accident Release of Liability Form for a settlement between two private parties in Malaysia, with a settlement amount of RM15,000 for a minor collision that occurred on January 15, 2025, with no injuries involved."

Document background

The Car Accident Release Of Liability Form is a crucial legal document used in Malaysia when parties wish to settle claims arising from a motor vehicle accident without proceeding to litigation. This document becomes relevant when there is a mutual agreement to resolve accident-related claims through settlement. It typically includes details of the accident, parties involved, settlement amount, and specific terms of release under Malaysian jurisdiction. The form must comply with various Malaysian laws including the Road Transport Act 1987, Civil Law Act 1956, and Contracts Act 1950. It serves as a permanent bar against future claims related to the same incident, making it essential for risk management and legal closure for all parties involved.

Suggested Sections

1. Parties: Identification of all parties involved in the agreement, including the releaser (person giving up their right to sue) and releasee (person being released from liability)

2. Background: Details of the accident including date, time, location, and vehicles involved

3. Definitions: Definitions of key terms used in the agreement including 'Claims', 'Accident', 'Settlement Amount', and other relevant terms

4. Settlement Amount: Clear statement of the settlement amount being paid in consideration for the release

5. Release Terms: Specific terms of the release, including what claims are being released and the scope of the release

6. No Admission of Liability: Statement that the settlement payment does not constitute an admission of liability

7. Confidentiality: Terms regarding the confidentiality of the settlement and agreement

8. Governing Law: Statement that the agreement is governed by Malaysian law

9. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Medical Expenses: Section detailing any future medical expenses coverage, used when ongoing medical treatment is anticipated

2. Insurance Claims: Section addressing any insurance claims and coordination of benefits, used when insurance companies are involved

3. Property Damage: Detailed section about property damage settlement, used when significant property damage is involved

4. Third Party Claims: Section addressing potential third-party claims, used when other parties might have rights related to the accident

5. Non-Disparagement: Clause preventing parties from making negative statements about each other, used in high-profile or contentious cases

Suggested Schedules

1. Schedule A - Accident Report: Copy of the official police report or accident report

2. Schedule B - Damage Documentation: Photographs, repair estimates, and other documentation of vehicle damage

3. Schedule C - Medical Records: Relevant medical records and bills related to injuries from the accident

4. Schedule D - Insurance Information: Details of insurance policies and coverage involved in the settlement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Insurance

Transportation

Legal Services

Automotive

Fleet Management

Risk Management

Corporate Services

Relevant Teams

Legal

Risk Management

Insurance

Compliance

Operations

Administrative Support

Fleet Operations

Corporate Secretariat

Relevant Roles

Legal Counsel

Risk Manager

Claims Adjuster

Insurance Agent

Fleet Manager

Compliance Officer

Legal Administrator

Corporate Secretary

Safety Officer

Operations Manager

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Let's create your Car Accident Release Of Liability Form

Authors

Alex Denne

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