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Car Accident Settlement Agreement Template for New Zealand

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Key Requirements PROMPT example:

Car Accident Settlement Agreement

"I need a Car Accident Settlement Agreement for a two-party collision that occurred in Auckland, with a lump sum payment of NZD 15,000 to be paid by March 15, 2025, including provisions for vehicle repair costs and rental car expenses."

Document background
A Car Accident Settlement Agreement is utilized in New Zealand when parties involved in a motor vehicle accident wish to formally resolve their dispute regarding property damage and associated costs. This document is particularly important given New Zealand's unique ACC scheme, which handles personal injury claims separately. The agreement is typically used after negotiations have concluded and parties have reached a settlement regarding vehicle damage, ancillary costs (such as vehicle hire or loss of use), and any other non-personal injury related expenses. It must comply with New Zealand law, including the Accident Compensation Act 2001, Contract and Commercial Law Act 2017, and relevant transport legislation. The document includes detailed information about the accident, parties involved, settlement terms, payment arrangements, and mutual releases, while ensuring all ACC-related matters are appropriately acknowledged and excluded from the settlement scope.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including full legal names, addresses, and any relevant registration numbers

2. Background: Outlines the circumstances of the accident, date, location, and basic facts agreed upon by all parties

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Settlement Terms: Details the agreed settlement amount and what it covers (property damage, costs, etc.)

5. Payment Terms: Specifies how and when the settlement amount will be paid, including any installment arrangements

6. Release and Discharge: States that upon payment, the receiving party releases the paying party from all claims relating to the accident

7. Confidentiality: Sets out obligations regarding the confidentiality of the settlement terms

8. ACC Acknowledgment: Acknowledges the NZ ACC scheme and confirms the settlement relates only to property damage and non-covered losses

9. Full and Final Settlement: Confirms this agreement represents a full and final settlement of all claims relating to the accident

10. Governing Law: Specifies that the agreement is governed by New Zealand law

11. Execution: Contains the signature blocks and execution requirements for all parties

Optional Sections

1. Insurance Company Provisions: Include when one or more insurance companies are involved in the settlement

2. Multiple Party Provisions: Include when there are more than two parties involved in the accident

3. Minor Party Provisions: Include when any party is under 18 years of age

4. Company Representative Authority: Include when any party is a company to confirm the signing authority

5. Non-Disparagement: Include when parties wish to prevent public statements about the accident or settlement

6. GST Provisions: Include when any party is GST registered and the settlement has GST implications

7. Installment Payment Terms: Include when the settlement amount is to be paid in installments rather than a lump sum

Suggested Schedules

1. Schedule 1 - Accident Details: Detailed description of the accident, including police reports, witness statements, and photographs

2. Schedule 2 - Damage Assessment: Detailed assessment of vehicle damage, including repair quotes and assessor reports

3. Schedule 3 - Payment Schedule: If applicable, detailed breakdown of installment payments including dates and amounts

4. Schedule 4 - Related Expenses: Itemized list of additional expenses being covered (e.g., rental car costs, towing fees)

5. Appendix A - Supporting Documents: Copies of relevant documents such as insurance policies, registration papers, and drivers' licenses

6. Appendix B - Photographic Evidence: Photographs of the accident scene, vehicle damage, and any other relevant visual evidence

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























Clauses

























Relevant Industries

Insurance

Legal Services

Automotive

Transport and Logistics

Fleet Management

Risk Management

Financial Services

Public Sector

Relevant Teams

Legal

Insurance Claims

Risk Management

Compliance

Fleet Administration

Contract Administration

Corporate Affairs

Operations

Finance

Document Management

Relevant Roles

Insurance Claims Handler

Claims Assessor

Legal Counsel

Risk Manager

Fleet Manager

Insurance Broker

Claims Adjuster

Settlement Officer

Compliance Officer

Contract Administrator

Legal Administrator

Insurance Underwriter

Vehicle Assessor

Claims Manager

Corporate Counsel

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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