Connecticut Sample Letter to Opposing Counsel concerning Settlement of Litigation

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0405LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Opposing Counsel's Name] [Opposing Counsel's Law Firm] [Address] [City, State, ZIP] Re: Settlement Offer in [Case Name] Dear [Opposing Counsel's Name], I hope this letter finds you in good health and high spirits. I am writing to you as counsel for [Your Client's Name] in the above-mentioned litigation matter. Our purpose for this correspondence is to discuss the possibility of settling the pending case and bringing a final resolution to both parties involved. After careful evaluation, thorough discussions with my client, and reviewing recent developments in our case, it appears that both our clients may benefit from the expedited resolution this settlement offers. Engaging in an amicable resolution will help us avoid the uncertainty, time-consuming court proceedings, and mounting legal costs that can arise during litigation. The proposed settlement, which we believe is fair and reasonable, is as follows: 1. Payment: Our client is open to accepting a lump-sum payment of [Settlement Amount] to be made by [Payment Due Date]. This amount takes into consideration the damages our client incurred, as well as the potential risks and costs associated with further litigation. 2. Confidentiality: It is essential to our client that this settlement agreement remains confidential. Therefore, we request that both parties agree to keep all terms and details of this settlement strictly confidential, except those professionals, advisors, or experts tasked with facilitating the settlement process or enforcing the terms herein. 3. Release and Dismissal: Upon receipt of the agreed-upon settlement amount, we propose executing a mutual release which would release all parties, both individually and corporately, from any and all claims, demands, causes of action, liabilities, and/or damages related to this litigation. Additionally, we would file a stipulation of dismissal with prejudice, thereby terminating the lawsuit. 4. Timeline: We kindly request that you review this proposal carefully and discuss it with your client, providing us with any counteroffers or suggestions within [Settlement Response Period], which we believe will allow us to proceed efficiently towards a resolution. Please be advised that neither this settlement proposal nor any subsequent discussions shall constitute an admission of liability or wrongdoing by our client or an acceptance of our client's position by your client. This offer is made exclusively for the purpose of resolving the litigation amicably and avoiding any further legal proceedings. We firmly believe that engaging in productive settlement negotiations is in the best interest of both parties. Should you find this proposal acceptable or wish to discuss it further, please contact me at your earliest convenience. I am confident that by working collaboratively, we can reach a mutually satisfactory resolution that will benefit our respective clients. Thank you for your attention to this matter, and I look forward to your prompt response. Yours sincerely, [Your Name] [Your Title] [Your Law Firm]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Opposing Counsel's Name] [Opposing Counsel's Law Firm] [Address] [City, State, ZIP] Re: Settlement Offer in [Case Name] Dear [Opposing Counsel's Name], I hope this letter finds you in good health and high spirits. I am writing to you as counsel for [Your Client's Name] in the above-mentioned litigation matter. Our purpose for this correspondence is to discuss the possibility of settling the pending case and bringing a final resolution to both parties involved. After careful evaluation, thorough discussions with my client, and reviewing recent developments in our case, it appears that both our clients may benefit from the expedited resolution this settlement offers. Engaging in an amicable resolution will help us avoid the uncertainty, time-consuming court proceedings, and mounting legal costs that can arise during litigation. The proposed settlement, which we believe is fair and reasonable, is as follows: 1. Payment: Our client is open to accepting a lump-sum payment of [Settlement Amount] to be made by [Payment Due Date]. This amount takes into consideration the damages our client incurred, as well as the potential risks and costs associated with further litigation. 2. Confidentiality: It is essential to our client that this settlement agreement remains confidential. Therefore, we request that both parties agree to keep all terms and details of this settlement strictly confidential, except those professionals, advisors, or experts tasked with facilitating the settlement process or enforcing the terms herein. 3. Release and Dismissal: Upon receipt of the agreed-upon settlement amount, we propose executing a mutual release which would release all parties, both individually and corporately, from any and all claims, demands, causes of action, liabilities, and/or damages related to this litigation. Additionally, we would file a stipulation of dismissal with prejudice, thereby terminating the lawsuit. 4. Timeline: We kindly request that you review this proposal carefully and discuss it with your client, providing us with any counteroffers or suggestions within [Settlement Response Period], which we believe will allow us to proceed efficiently towards a resolution. Please be advised that neither this settlement proposal nor any subsequent discussions shall constitute an admission of liability or wrongdoing by our client or an acceptance of our client's position by your client. This offer is made exclusively for the purpose of resolving the litigation amicably and avoiding any further legal proceedings. We firmly believe that engaging in productive settlement negotiations is in the best interest of both parties. Should you find this proposal acceptable or wish to discuss it further, please contact me at your earliest convenience. I am confident that by working collaboratively, we can reach a mutually satisfactory resolution that will benefit our respective clients. Thank you for your attention to this matter, and I look forward to your prompt response. Yours sincerely, [Your Name] [Your Title] [Your Law Firm]