Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
This Compromise Agreement, made and entered into this ____ day of
________________ in the City of _________, by and between:
-and-
Witness: That:
WHEREAS, the PARTIES have agreed to settle the properties insofar as the
law allows, solely to buy peace and obviate protracted litigation without
admission whatsoever of any liability;
WHEREAS, the PARTIES, for the best interest of each of them and their
four (4) children, namely, ___________________________, (hereafter, collectively
referred to as the “Children”) have voluntarily and mutually agreed:
1. Support of the Children. Support for all the Children of the PARTIES
hereto mentioned shall be for the account of Alberto and shall include
living expenses, medical expenses, expenses for their education, tuition
fees, allowance, transportation and the like, to the extent set forth in
Article 194 of the Family Code of the Philippines.
2. Dissolution of Property Relations. – The PARTIES have voluntarily
agreed to dissolve any property relations which may exist between them
to be replaced by the regime of complete separation of property for
which court approval shall jointly be secured by the PARTIES.
4.1 Each PARTY shall own, dispose of, possess, administer, and enjoy
his/her separate estate, present and future, without the consent of
the other, and all earnings from any business or industry,
including wages, bonuses, or income of any type or nature shall
likewise belong exclusively to each of them respectively.
4.2 Each PARTY waives all his/her rights, interest or claim over any
and all properties , owned, transferred to, acquired by the other
PASRTY subsequent to or as a result of this Compromise
Agreement
5. Spousal Support. The PARTIES further release each other from all
claims and demands, except those stipulated in this Agreement, for the
settlement of property rights, specifically the right to demand more
spousal support from the other.
6. Miscellaneous Matters
6.2 Concern for the Children. The PARTIES shall take all measures
deemed advisable to foster a feeling of affection among the
Children, and between the Children and the other PARTY.
Neither of the PARTIES herein will do anything which may
alienate any child from the other PARTY or impair any child’s
affection, regard and respect for the other PARTY. It is further
agreed that both Alberto and Lucille shall respect the property
rights of the Children, which they hereby recognize and declare
exclusively to be their Children’s and to which the PARTIES
herein expressly waive whatever perceived or real rights they
may have thereon and in which the PARTIES herein undertake
not to participate.
6.3 Expenses on the Dissolution of the Property Relation. All other
expenses and taxes which might be incurred in connection with,
or necessarily related to, the dissolution of the PARTIES’ property
relations, as mentioned and listed herein, including such monies
or properties given to or received by either PARTY as a
consequence thereof or by virtue of this Agreement, through
judicial order, and the dismissal of all other cases by and against
Lucille and Alberto, shall be borne by the PARTY in whose name
the particular property or monies are hereby transferred, except
that insofar as the transfer is in favor of the PARTIES’ children, in
which case, the expenses shall be borne by the PARTIES equally.
It is understood that each PARTY shall bear her/his own expenses
and expenses for their attorney’s fees and the like. –
8. Income Tax Returns. Henceforth, Lucille and Alberto shall file their
separate income Tax Returns with the Bureau of Internal Revenue (BIR).
11. Advice of Counsel. The parties declare that they have been duly
advised by the legal counsel of their choice and each of them declares
that they fully understand the terms and provisions of this Agreement
and consider them fair and equitable.
___________________________ ________________________
BEFORE ME, a Notary Public for and in the City of Quezon City,
personally came and appeared the following:
NOTARY PUBLIC