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The Minor Car Accident Settlement Letter is a crucial document used in Saudi Arabia when parties involved in a minor vehicle collision agree to settle their dispute privately. This document is particularly relevant when the accident results in only material damage and all parties agree on settlement terms without court intervention. It must comply with Saudi Traffic Law (Royal Decree No. M/85) and Sharia principles, requiring clear documentation of the accident details, parties involved, damage assessment, and agreed compensation. The settlement letter serves as a legally binding document that prevents future claims related to the same incident and can be used for insurance purposes. It's especially useful for expediting the resolution process and avoiding lengthy legal procedures, provided the accident is minor and all parties are in agreement about the settlement terms.

1. Date and Location: Current date and place of writing the settlement letter

2. Parties' Information: Full names, IDs, contact details, and addresses of all involved parties

3. Accident Details: Date, time, location of accident, and brief description of the incident

4. Vehicle Information: Make, model, plate numbers, and registration details of all vehicles involved

5. Damage Description: Detailed description of damage sustained by all vehicles/property

6. Settlement Amount: Agreed compensation amount and payment terms

7. Release Statement: Clear statement releasing the paying party from future claims

8. Signatures: Signatures of all parties and witnesses