Community › Forums › Legal Advice India › How to make a settlement agreement .
- This topic has 8 replies, 3 voices, and was last updated 1 year, 2 months ago by
Meenafalcon359.
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SShashininja683
PARTICIPANT
April 2, 2025 at 7:44 pmI mistakenly hit a woman by my bike, the hospital bill amount was 12,000 rupees. I am ready to compensate them the fault was mine.fortunately she is fine and didnt suffer any major risks. Further to that how do i make sure they dont take any further legal action agaisnt me after i have paid. We have mutually accepted this. -
MMeenafalcon359
PARTICIPANT
April 2, 2025 at 8:04 pmA razinama aka settlement/compromise agreement would work, mention the amount of settlement and add a clause that injured party will not take any legal action against you, this agreement will be signed by both parties, and will be notarized with witnesses.If you don’t want to go through that route, you can get her to sign an undertaking stating that she accepts the compensation and now won’t pursue any legal action against you.
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SShashininja683
OP
April 2, 2025 at 8:10 pmCan make one on own using ms word taking help from google mentioning all the detail?-
MMeenafalcon359
PARTICIPANT
April 2, 2025 at 8:14 pmyes, but an agreement made by a professional would cover everything and will be more formal.-
SShashininja683
OP
April 2, 2025 at 8:36 pmThe other party agreed for 50% of the amount. I am doing this for peace of mind by paying full bill. I want to stay away from the lawyer.
I also have a recording that he is agreeing to this and will also have a ss of the transaction isnt that enough?-
MMeenafalcon359
PARTICIPANT
April 2, 2025 at 8:50 pmI think that’s enough. But if you want more peace of mind, then you can make them sign an undertaking on a โน50 non judicial stamp.-
SShashininja683
OP
April 2, 2025 at 8:56 pmSo i buy a paper, then print that written stuff make them sign thats it?-
MMeenafalcon359
PARTICIPANT
April 2, 2025 at 9:01 pmYou would need to buy a โน50 Non Judicial Stamp paper, you can print your draft on that paper and get it signed by them.You can also print a โน50 Non Judicial e-Stamp paper online if you live in one of [these](https://nesl.co.in/states-for-digital-e-stamping/) states.
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MMiteshfox481
PARTICIPANT
April 2, 2025 at 8:24 pmgo to local court and get it printed on a 100 rs stamp paper . they already have the format . get it notarised at the same and get the other parties sign as well
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