[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Company Name] [Address] [City, State, ZIP] Dear [Recipient's Name], RE: Confirmation of Settlement Agreement via Telephone Conversation I am writing to formally confirm the settlement agreement we reached during our telephone conversation on [date] regarding the [lawsuit/arbitration/dispute] between [Plaintiff/Claimant] and [Defendant/Respondent]. As discussed, the settlement terms are as follows: 1. Parties Involved: — [Plaintiff/Claimant]: [Full Name— - [Defendant/Respondent]: [Full Name] 2. Case Information: — Case Number: [Enter Case Number— - Court/Arbitration Body: [Name of Court/Arbitration Body] 3. Settlement Details: — Settlement Amount: [Specify exact settlement amount] — Payment Method: [Specify payment method — e.g., wire transfer, check] - Payment Date: [Specify the agreed-upon payment date] — Installments (if applicable): [Provide details if the settlement is being paid in installments] 4. Release and Waiver: — Both parties have agreed to release each other from any present or future claims arising from the lawsuit/dispute. — A final release and waiver agreement will be prepared and signed by both parties. 5. Confidentiality: — Both parties agree to keep the settlement terms confidential and not to disclose any details to third parties, except as required by law. 6. Governing Law: — This settlement agreement shall be governed by the laws of the State of Delaware. Please note that this letter serves as a formal confirmation of the settlement agreement and should be considered legally binding. It is essential that both parties adhere to the terms outlined herein. To ensure a smooth resolution, I kindly request you to review the information provided and contact me if any revisions or clarifications are required. Upon your confirmation, I will proceed with the necessary steps to finalize the settlement as discussed. Thank you for your cooperation and prompt attention to this matter. I trust that this settlement will bring an end to the legal proceedings and allow both parties to move forward. Yours sincerely, [Your Name]
Delaware Sample Letter Confirmation concerning Settlement via Telephone Conversation
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How to fill out Sample Letter Confirmation Concerning Settlement Via Telephone Conversation?
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FAQ
As such, when settling a debt, there are certain things you should ask for in a settlement agreement, including: the stipulation that payment constitutes full settlement of the account, a requirement that the creditor reports the account settlement to the credit reporting bureaus, and the creditor's release of all ...
The settlement agreement can be voided if it was formed through fraud or misrepresentation. If a person can refuse to sign a settlement agreement in the first place depends on how it was formed. If there was an oral agreement a signature may not be required for it to be enforced.
The agreement should set forth what money is being paid for, i.e., the type of damages, as well as the claims it is being paid on. If some damages are taxable and some are not, the settlement agreement should set out, in as much detail as possible, the proportions and rationale.
In geography, statistics and archaeology, a settlement, locality or populated place is a community of people living in a particular place. The complexity of a settlement can range from a minuscule number of dwellings grouped together to the largest of cities with surrounding urbanized areas.
What should be included in a settlement agreement is all the terms that you want to be part of the final judgment. For example, it might just state the amount that one party is going to pay to the other party. However, it might also say the timeline for payment or specify what the payment is for.
