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The Minor Car Accident Settlement Letter is a crucial document used in Pakistan when parties involved in a minor vehicular collision reach a mutual agreement regarding compensation and liability. This document becomes necessary when the accident results in minor damage to vehicles or property, without serious injuries, and parties prefer to settle the matter privately rather than through lengthy court proceedings. The letter, governed by Pakistani civil law and the Motor Vehicles Ordinance 1965, typically includes essential details such as accident circumstances, damage assessment, agreed settlement amount, and release of future claims. It serves as a legally binding document that protects both parties' interests while providing a clear record of the settlement terms. This type of settlement letter is particularly useful for insurance documentation, corporate record-keeping, and preventing future disputes related to the same incident.

1. Date and Address Block: Current date and complete contact information for both parties

2. Subject Line: Clear reference to the accident settlement, including date and location of incident

3. Accident Details: Brief description of the accident including date, time, location, and vehicles involved

4. Damage Assessment: Description of damages sustained and agreed assessment of repair costs

5. Settlement Amount: Clear statement of the agreed settlement amount and payment terms

6. Release Statement: Formal statement releasing the paying party from future claims related to this accident

7. Signatures: Space for both parties to sign and date the letter