Compromise Agreement

A compromise agreemen​t is a contract whereby the parties make reciprocal concessions to avoid litigation or to put an end to one already commenced. It attains the authority and effect of res judicat​a upon the parties upon its executio​n, and becomes immediately final and executory, unless rescinded by grounds which vitiate consent. Once stamped with judicial imprimatur, it ceases to be a mere contract between the parties, and becomes a judgment of the court, to be enforced through writ of executio​n. (Chung vs. Huang G.R. No. 170679 March 09, 2016)
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