A private agreement in a traffic accident should have legal effect as long as it is signed by both parties, only depending on whether the content of the agreement is perfect. General road traffic accidents shall be compensated according to the size of responsibility. Private compensation agreements for traffic accidents include:

1. Name of both parties, ID number and time of traffic accident.

2, the two sides reached an agreement through consultation, the perpetrators pay specific compensation to the victims, including words and figures.

3. It is determined by both parties through consultation that the victim will not ask the other party to bear the liability for compensation for any reason after receiving the compensation from the offender.

4. When the victim collects one-time compensation from the injurer, he must deliver all medical bills, medical records, other bills and related documents to Party A at the same time, and ensure the authenticity of the bills and materials. If Party A fails to claim compensation from the insurance company, Party B shall double the false part.

5. Both parties to the agreement and the traffic management department should sign and write the date.

Legal basis: Article 12 13 of the Civil Code of People's Republic of China (PRC) * * * If a motor vehicle has a traffic accident and causes damage, which belongs to motor vehicle liability, the insurer who underwrites motor vehicle compulsory insurance shall make compensation in advance within the limit of compulsory insurance liability; The insufficient part shall be compensated by the insurer underwriting motor vehicle commercial insurance in accordance with the insurance contract; If the motor vehicle commercial insurance is still insufficient or uninsured, the infringer shall compensate.

I. Conditions for signing this Agreement:

1. The contractor has more than two parties;

2. Both parties must conclude the contract "according to law";

3. Both parties must reach an agreement on the main terms of the contract; 4, the establishment of the contract should have an offer and acceptance stage.

Second, the procedures for signing the agreement:

1. One party makes an offer to conclude a contract;

2. If the offeree agrees to the offer, he can make corresponding commitments;

3. If the commitment takes effect, the contract is established.

4. A contract concluded in written form shall be signed and sealed by the parties.