Montana Sample Letter for Revised Release and Reference to Settlement Proceeds

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0137LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Subject Line: Montana Sample Letter for Revised Release and Reference to Settlement Proceeds Dear [Recipient's Name], I hope this letter finds you well. I am writing to provide you with a revised release and reference to settlement proceeds pertaining to [case/trial/divorce/claim] involving [parties involved]. As agreed upon by all parties, this letter serves as an official documentation of the revised terms and conditions of the settlement and the subsequent distribution of settlement proceeds. In consideration of the aforementioned settlement, [Plaintiff/Claimant's Name], hereinafter referred to as the "Releaser," hereby agrees to release, discharge, and forever discharge [Defendant/Person or Entity to be Released's Name], hereinafter referred to as the "Released," from any and all claims, demands, actions, causes of action, or liabilities, whether known or unknown, arising out of or in connection with the [case/trial/divorce/claim]. This revised release encompasses all possible claims, demands, actions, or causes arising prior to the date of this letter, including those arising under any state, federal, or local law, statute, regulation, or ordinance, such as [list relevant laws, if any]. The Releaser acknowledges that this settlement amount is the sole and exclusive consideration for the release provided herein. It is agreed that the total settlement amount is [mention settlement amount], which shall be divided as follows: 1. [Specify Amount or Percentage]: To be paid to [Releaser's Name] as compensation for damages, losses, or injuries suffered. 2. [Specify Amount or Percentage]: To be retained by [Plaintiff's Attorney's Name/Firm's Name] as legal fees and expenses incurred during the course of litigation, pursuant to the previously agreed-upon attorney-client fee agreement dated [mention agreement date]. 3. [Specify Amount or Percentage]: To be paid to [Government Agency/Third Party's Name] as reimbursement for any applicable liens, penalties, or costs owed by the Releaser related to the [case/trial/divorce/claim]. 4. [Specify Amount or Percentage]: To be paid to [Insurance Company's Name] as reimbursement for any insurance coverage provided to the Releaser in relation to the [case/trial/divorce/claim]. 5. [Specify Amount or Percentage]: To be remitted to [Defendant's Attorney's Name/Firm's Name] as legal fees and costs incurred by the Released. The settlement proceeds shall be paid within [specific time frame], and upon receipt of the full settlement amount, the Releaser agrees to execute any additional documents or agreements necessary to effectuate the revised settlement. Both parties acknowledge that this revised release and reference to settlement proceeds constitutes the entire agreement between them and supersedes any previous understandings, agreements, or communications, whether oral or written, related to the subject. Should any dispute or claim arise regarding this revised release and reference to settlement proceeds, both parties agree to resolve the matter through mediation or binding arbitration in the state of Montana, following the rules and regulations of the Montana State Court System. Please sign and return a copy of this letter to indicate your acceptance of the revised settlement terms and conditions. Should you have any questions or concerns, please do not hesitate to contact me at [Your Contact Information]. Thank you for your prompt attention to this matter. Sincerely, [Your Name] [Your Title/Position] [Your Company/Organization Name]

Subject Line: Montana Sample Letter for Revised Release and Reference to Settlement Proceeds Dear [Recipient's Name], I hope this letter finds you well. I am writing to provide you with a revised release and reference to settlement proceeds pertaining to [case/trial/divorce/claim] involving [parties involved]. As agreed upon by all parties, this letter serves as an official documentation of the revised terms and conditions of the settlement and the subsequent distribution of settlement proceeds. In consideration of the aforementioned settlement, [Plaintiff/Claimant's Name], hereinafter referred to as the "Releaser," hereby agrees to release, discharge, and forever discharge [Defendant/Person or Entity to be Released's Name], hereinafter referred to as the "Released," from any and all claims, demands, actions, causes of action, or liabilities, whether known or unknown, arising out of or in connection with the [case/trial/divorce/claim]. This revised release encompasses all possible claims, demands, actions, or causes arising prior to the date of this letter, including those arising under any state, federal, or local law, statute, regulation, or ordinance, such as [list relevant laws, if any]. The Releaser acknowledges that this settlement amount is the sole and exclusive consideration for the release provided herein. It is agreed that the total settlement amount is [mention settlement amount], which shall be divided as follows: 1. [Specify Amount or Percentage]: To be paid to [Releaser's Name] as compensation for damages, losses, or injuries suffered. 2. [Specify Amount or Percentage]: To be retained by [Plaintiff's Attorney's Name/Firm's Name] as legal fees and expenses incurred during the course of litigation, pursuant to the previously agreed-upon attorney-client fee agreement dated [mention agreement date]. 3. [Specify Amount or Percentage]: To be paid to [Government Agency/Third Party's Name] as reimbursement for any applicable liens, penalties, or costs owed by the Releaser related to the [case/trial/divorce/claim]. 4. [Specify Amount or Percentage]: To be paid to [Insurance Company's Name] as reimbursement for any insurance coverage provided to the Releaser in relation to the [case/trial/divorce/claim]. 5. [Specify Amount or Percentage]: To be remitted to [Defendant's Attorney's Name/Firm's Name] as legal fees and costs incurred by the Released. The settlement proceeds shall be paid within [specific time frame], and upon receipt of the full settlement amount, the Releaser agrees to execute any additional documents or agreements necessary to effectuate the revised settlement. Both parties acknowledge that this revised release and reference to settlement proceeds constitutes the entire agreement between them and supersedes any previous understandings, agreements, or communications, whether oral or written, related to the subject. Should any dispute or claim arise regarding this revised release and reference to settlement proceeds, both parties agree to resolve the matter through mediation or binding arbitration in the state of Montana, following the rules and regulations of the Montana State Court System. Please sign and return a copy of this letter to indicate your acceptance of the revised settlement terms and conditions. Should you have any questions or concerns, please do not hesitate to contact me at [Your Contact Information]. Thank you for your prompt attention to this matter. Sincerely, [Your Name] [Your Title/Position] [Your Company/Organization Name]