Alaska Sample Letter Confirmation concerning Settlement via Telephone Conversation

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0345LTR
• Format: Word; Rich Text

Description

Sample Letter Confirmation concerning Settlement via Telephone Conversation

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Confirmation of Settlement via Telephone Conversation Dear [Recipient's Name], I hope this letter finds you well. I am writing to confirm the details of our recent telephone conversation regarding the settlement agreement reached between [Plaintiff/Claimant's Name] and [Defendant's Name]. This confirmation serves as an official record of our discussion and outlines the terms and conditions of the settlement. Upon our conversation on [Date of Telephone Conversation], both parties agreed to settle the dispute amicably without the need for further legal proceedings. The settlement terms are as follows: 1. Parties Involved: — [Plaintiff/Claimant's Name] (hereinafter referred to as the "Plaintiff") — [Defendant's Name] (hereinafter referred to as the "Defendant") 2. Settlement Amount: The Plaintiff and Defendant have agreed that a settlement amount of [$XX, XXX.XX] (in words: [Settlement Amount in Words]) will be paid by the Defendant to the Plaintiff as compensation for the damages claimed. 3. Payment Terms: The settlement amount will be paid by the Defendant to the Plaintiff in a lump sum within [Number of Days] days from the date of this settlement confirmation letter. The payment should be made via [Preferred Payment Method] to the following account details provided by the Plaintiff: Bank Name: [Bank Name] Account Holder: [Name on Account] Account Number: [Account Number] Routing Number: [Routing Number] 4. Release and Discharge of Claims: In consideration of the settlement amount received, the Plaintiff hereby releases and discharges the Defendant, their agents, employees, and representatives from any and all claims, liabilities, demands, damages, actions, or causes of action, whether known or unknown, arising from the dispute in question. This release extends to any future claims that may arise from the same incident. 5. Confidentiality: Both parties agree to maintain strict confidentiality regarding the settlement terms and the details of this agreement. The terms discussed and agreed upon shall not be disclosed to any third party, except with the express written consent of both parties or as required by law. 6. Entire Agreement: This confirmation letter represents the entire agreement between the Plaintiff and the Defendant concerning the settlement. No modifications, amendments, or additional provisions shall be valid unless made in writing and duly signed by both parties. Please review the above information carefully. If there are any discrepancies or issues with the outlined terms, kindly notify me within [Number of Days] days of receiving this letter. If I don't hear from you within the specified timeframe, it will be presumed that you agree to the settlement terms as stated. Thank you for your prompt attention to this matter. I believe that resolving this dispute through settlement will provide a fair and equitable resolution for both parties involved. If you have any further questions or require additional information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Yours sincerely, [Your Name]