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1. Parties: Identification of all involved parties including the accident participants, their insurers, and legal representatives
2. Background (Sachverhalt): Description of the accident circumstances, date, location, and initial claims made
3. Definitions: Key terms used throughout the agreement including 'Accident', 'Claims', 'Settlement Amount', and 'Effective Date'
4. Settlement Amount: Specification of the total settlement amount and breakdown of compensation for various damages (property damage, personal injury, etc.)
5. Payment Terms: Details of how and when the settlement amount will be paid, including bank details and payment deadline
6. Release of Claims: Mutual release and waiver of all claims related to the accident, including future claims
7. Confidentiality: Agreement on confidentiality regarding the settlement terms and accident details
8. Governing Law: Confirmation that the agreement is governed by German law and jurisdiction
9. Severability: Standard clause ensuring partial invalidity doesn't affect the entire agreement
10. Signatures: Execution block for all parties including dates and places of signature
1. Insurance Company Approval: Required when insurance companies are directly involved in the settlement payment
2. Medical Treatment Provisions: Include when ongoing medical treatment is required or future medical expenses are being settled
3. Vehicle Repair Agreement: Include when specific arrangements about vehicle repairs are part of the settlement
4. Third Party Claims: Include when there are potential claims from or against third parties involved in the accident
5. Installment Payment Plan: Include when the settlement amount is to be paid in installments rather than as a lump sum
6. Non-Admission of Liability: Optional clause stating that the settlement does not constitute an admission of fault
1. Schedule A - Accident Report: Official police report and any additional accident documentation
2. Schedule B - Damage Assessment: Detailed assessment of vehicle damage and repair costs
3. Schedule C - Medical Reports: Medical documentation of injuries and treatment requirements
4. Schedule D - Expense Documentation: Receipts and documentation of all claimed expenses
5. Schedule E - Insurance Documentation: Relevant insurance policies and correspondence
6. Schedule F - Photographic Evidence: Photos of the accident scene, vehicle damage, and injuries
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Document Management
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Claims Adjuster
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Insurance Agent
Risk Manager
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Accident Investigation Officer
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