You are the owner of a florist shop. You employ Otto to be your delivery driver. While making a delivery for you, Otto was rear-ended by a teenage driver who was distracted and did not stop in time at a red light at the intersection of Speer and Colfax. Fortunately, no one was injured but there was damage to your delivery truck and the arrangements carried in the back. As a result of the accident, you were unable to deliver flowers on time and your customers demanded full refunds. It cost you $1,500 to refund and appease your customers. Terrified of how much their insurance would increase, the parents of the teenage driver offer to pay you directly for the cost of the accident rather than make an insurance claim. You receive a repair estimate from an autobody shop for $6,543.21

Write a contract for you and the parents to sign that represents your agreement not to file an insurance claim if they pay for your out-of-pocket expenses.