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    QUITCLAIM

    Uploaded by

    Lex Dagdag
    The document summarizes the key elements of a valid quitclaim agreement between an employer and employee. It explains that a quitclaim prevents an employee from filing monetary claims against their former employer arising from employment. To be valid, a quitclaim must be entered into voluntarily with full understanding, represent a reasonable settlement, and not involve fraud or illegality. It also cannot require an employee to forfeit benefits while fully exempting the employer from liability. Reasonable consideration must be provided. An employer may use a quitclaim agreement to settle all existing and potential disputes with a former employee from their employment relationship.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    QUITCLAIM

    Uploaded by

    Lex Dagdag
    430 views5 pages
    The document summarizes the key elements of a valid quitclaim agreement between an employer and employee. It explains that a quitclaim prevents an employee from filing monetary claims against their former employer arising from employment. To be valid, a quitclaim must be entered into voluntarily with full understanding, represent a reasonable settlement, and not involve fraud or illegality. It also cannot require an employee to forfeit benefits while fully exempting the employer from liability. Reasonable consideration must be provided. An employer may use a quitclaim agreement to settle all existing and potential disputes with a former employee from their employment relationship.

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    The document summarizes the key elements of a valid quitclaim agreement between an employer and employee. It explains that a quitclaim prevents an employee from filing monetary claims against their former employer arising from employment. To be valid, a quitclaim must be entered into voluntarily with full understanding, represent a reasonable settlement, and not involve fraud or illegality. It also cannot require an employee to forfeit benefits while fully exempting the employer from liability. Reasonable consideration must be provided. An employer may use a quitclaim agreement to settle all existing and potential disputes with a former employee from their employment relationship.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    430 views5 pages

    QUITCLAIM

    Uploaded by

    Lex Dagdag
    The document summarizes the key elements of a valid quitclaim agreement between an employer and employee. It explains that a quitclaim prevents an employee from filing monetary claims against their former employer arising from employment. To be valid, a quitclaim must be entered into voluntarily with full understanding, represent a reasonable settlement, and not involve fraud or illegality. It also cannot require an employee to forfeit benefits while fully exempting the employer from liability. Reasonable consideration must be provided. An employer may use a quitclaim agreement to settle all existing and potential disputes with a former employee from their employment relationship.

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    © All Rights Reserved
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    You are on page 1of 5

    DOCUMENT/PLEADING

    It is a document executed by an
    employee in favor of the employer
    What is a Quitclaim? preventing the former from filing
    any further money claim against the
    latter arising from employment.

    1. Voluntarily entered into with


    full understanding of what the
    employee is doing.
    2. Represents a reasonable
    settlement
    What are the elements of a valid 3. There was no fraud or deceit
    Quitclaim? on the part of the parties.
    4. The contract is not contrary
    to law, public order, public
    policy, morals or good customs
    or prejudicial to a third person
    with a right recognized by law.

    What constitute reasonable Reasonable settlement requires that


    settlement? the consideration for the quitclaim is
    credible and reasonable.

    When a worker agrees to receive less


    compensation than what he is
    When is a quitclaim considered void entitled to recover.
    and in effective? When it obligates the worker
    concerned to forego their benefit
    while at the same time exempting
    the employer from any liability that
    it may choose to reject.
    It boils down to being transparent
    during negotiations. Parties must be
    well-informed of all the necessary
    data to enable each one to make a
    sound decision before signing a
    How can quitclaims be validly quitclaim agreement. All cards must
    enforced? be laid down the table with nothing
    to hide. This way, parties can
    effectively negotiate on a substantial
    settlement, even if it does not
    coincide with each other's ideal
    expectations.

    An employer who may want to


    prevent an employee from filing
    future cases for the recovery of his
    monetary claims would be
    encouraged to prepare a quitclaim
    What is Quitclaim in relation to agreement in favor of the employee
    labor cases? to prevent the latter from filing
    future monetary claims. In other
    words, a quitclaim is executed in
    order to settle once and for all the
    disputes arising from such
    employment relation and to close
    the lid on an impending litigation.
    (Sample Form)
    QUITCLAIM

    KNOW ALL MEN BY THESE PRESENTS:


    I, Juan Tamad, of legal age, Filipino, married/single and presently residing at
    #1924 Leveriza St., Pasay City after having been duly sworn according to law,
    hereby depose and state:

    1. That I have retired from my position as Production Manager from RADIO


    MINDANAO NETWORK INC. effective June 15, 2002;
    2. That for and in consideration of the sum THREE HUNDRED ELEVEN
    THOUSAND NINE HUNDRED TWENTLY-TWO PESOS & 00 CENTS. (311,922.00) in
    Philippine Currency, to me in hand paid by RADIO MINDANAO NETWORK, INC. in
    additional retirement benefits per corrected employment period, receipt of which
    is hereby acknowledged to my complete and full satisfaction;
    3. That I hereby RELEASE AND DISCHARGE RADIO MINDANAO NETWORK, INC., its
    Officers, Directors, and Managers from any and all claims and demands
    whatsoever as maybe due to me incident to employment with radio station
    DWKC-FM and/or cessation of the same with Radio Mindanao Network, Inc., on
    June 15, 2002.
    4. That I hereby state further that I have no more claims, right or action
    whatsoever nature whether past, present or contingent against said corporation;
    5. That I manifest that the term of this quitclaim have been read and thoroughly
    understood by me and accepted said term on my own consent.

    IN WITNESS WHEREOF, I have hereunto affixed my signature on this 15 th


    day of June, 2002 at the City of Pasay, Philippines.

    ______Juan Tamad______
    Signature of the Employee
    Signed in the presence of:
    ____Pedro Gil___
    Signature of Personnel Officer

    ___Vito Cruz___
    Signature of Union Office
    ACKNOWLEDGMENT
    REPUBLIC OF THE PHILIPPINES)
    CITY OF PASAY) S.S.

    BEFORE ME, a Notary Public, on this 15th day of June, in the City of Pasay,
    personally came and appeared Juan Tamad, with Community Tax Certificate
    Number CCI200223327052 , issued in Pasay City, on June 6, 2002 ,known to me
    to be the same person who executed the foregoing Quitclaim and acknowledged
    to me that the same is his/her voluntary act and deed.
    WITNESS MY HAND SEAL, on the date and at the place above written.

    ATTY. VINCE DE CRUZ


    Notary Public
    My commission expires on December 31, 2002
    PTR No. 9182734; 01-13-02; Pasay City
    IBP Lifetime No. 2938103; 01-13-01; Pasay City
    MCLE Compliance No. VII-181975

    Doc. No. 4;
    Page No. 10;
    Book No. II;
    Series of 2002.
    LEGAL FORMS REPORT

    QUITCLAIM
    First Semester, School Year 2017-2018
    Sunday 3:00 – 5:00 p.m.

    Submitted to:
    Atty. Ma. Jesusa Eleanor P. Magbanua

    Submitted by:
    Marieflor S. Battung

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