[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Settlement — Counter Offer Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you in response to the settlement offer received from your esteemed organization on [Date]. After reviewing the terms and conditions proposed in the settlement offer, I would like to present a counter offer for your consideration. Firstly, let us reiterate our utmost desire to reach a fair and amicable resolution to the dispute between our parties promptly. It is our belief that the counter offer outlined below represents a compromise that takes into account the interests of both parties, and aims to avoid any further protracted legal proceedings. Counter Offer Details: 1. Settlement Amount: We propose revising the settlement amount to the sum of $__________. This amount has been calculated after considering the damages incurred, legal expenses, and any potential future costs. 2. Payment Terms: To facilitate prompt resolution, we request that the settlement amount be paid within [number of days] from the acceptance of this counter offer. We suggest payment be made through a certified bank check made payable to [Your Name], at the following address: [Your Address]. 3. Release of Liability: Upon receiving the agreed settlement payment, we agree to release and discharge your organization, including its employees, agents, and representatives, from any further claims, demands, actions, or liabilities related to the aforementioned dispute. 4. Confidentiality: Both parties agree to maintain strict confidentiality regarding the settlement terms and discussions. This mutual obligation ensures we can achieve a swift and private resolution without negatively impacting either party's reputation. Kindly understand that our counter offer is made without prejudice and does not imply any admission of liability on our part. We view this proposal as a fair compromise to bring a swift conclusion to this matter. To expedite the resolution process, we kindly request a response to this counter offer within [number of days]. We believe that engaging in open dialogue can lead to a mutually beneficial settlement. Should you require any further information or clarification, please don't hesitate to contact me at [Phone Number] or via email at [Email Address]. We anticipate your prompt attention to this matter and look forward to positively resolving our dispute. Thank you for your time and consideration. Yours sincerely, [Your Name] Types of New Jersey Sample Letter for Settlement — Counter Offer: 1. Formal Counter Offer Letter: This type of letter is used in professional settings to negotiate a settlement agreement and resolve disputes amicably. It follows a formal tone with all necessary details and proposed terms. 2. Legal Counter Offer Letter: When dealing with legal matters, a legal counter offer letter is used to present a counter offer in a structured and legally appropriate manner. It includes legal language, relevant case details, and highlights specific provisions related to the dispute. 3. Business Counter Offer Letter: This type of counter offer letter is commonly used in business negotiations to address settlement proposals. It focuses on the business aspects of the dispute, such as financial implications, payment terms, and release of liability. 4. Employment Counter Offer Letter: This letter is specifically used in employment-related settlement negotiations. It outlines the terms and conditions proposed by the employee or employer involved in the dispute, addressing issues like salary, benefits, and release of employment obligations. It is crucial to consult with an attorney or legal advisor to ensure that your counter offer letter aligns with New Jersey laws and regulations.
New Jersey Sample Letter for Settlement - Counter Offer
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How to fill out New Jersey Sample Letter For Settlement - Counter Offer?
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FAQ
Use positive, respectful and generous negotiating behavior to engender it in return and make it easier to influence the other side into accepting settlement proposals. Express a desire to meet the needs of the opposition so that they can repay the favor by meeting your needs.
I am able to pay the amount I have offered within [insert length of time within which you can pay] once you have accepted my offer and I have received written agreement of this. Please confirm where to make payment to. This letter clearly states your intentions and what you need the creditor to do.
Rather, ask why the adjuster has provided this extremely low figure. You should then write a formal letter of response in which you state that you don't find the initial low settlement offer acceptable, listing the reasons why and concluding with a demand for a higher settlement offer.
Making an offer It is very important to make sure the creditor accepts your full and final settlement offer in writing. Make sure you keep a copy in case there is a dispute. This could happen years later and you may need the letter as proof. Never send a lump-sum payment before the offer is accepted.
I would like to offer an amount of to settle the outstanding debt amount of $ with you. I also like to request you to include the following conditions as a part of my settlement offer: My account will be showing as 'paid in full' with no future liability or involvement.
What is a reasonable Full & Final Settlement Offer? There is no set figure that constitutes a reasonable offer because it entirely depends on your financial situation, and the creditor. Very low offers may be rejected but if you can offer a significant portion of the money you owe, it is more likely to be considered.
Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account. Enter the amount which you can afford to pay. and I want to offer this as full and final settlement of the account.
This is a formal letter that should include: A summary of the original incident with any factual disputes highlighted. Evidence to support the version of events provided in the Settlement Demand Letter. An outline of any relevant legal standards that apply to the matter. A settlement offer and terms/timeline for acceptance.
