What is the name of your state (only U.S. law)?
I got into a minor car accident. Me and the other person agreed to settle this without involving the insurance company since the damage was under $200. If we do report it to the insurance company, both of our premiums would go up and that's senseless.
Anyways, I'm going to pay this guy $180 by cash or check and I need to make a receipt/agreement that states that I paid him the money for the damages I caused and he can no longer hold me responsible for further damages nor be able to file a claim through insurance company, etc.
Can you help me out? What do I write? How do I start? What should I include to close any loopholes if the guy tries to get more money out of me?
Thanks in advance.