New Mexico Sample Letter for Final Settlement Agreement

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0177LTR
• 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 Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Final Settlement Agreement for [Case/Claim Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to present the Final Settlement Agreement pertaining to the aforementioned case/claim number. As per our recent negotiations and discussions, we have successfully reached a mutually agreeable resolution to bring this matter to a close. The purpose of this settlement agreement is to outline the terms and conditions agreed upon by both parties involved, hereby referred to as the "Plaintiff" and the "Defendant." The agreement settles all claims, demands, and causes of action asserted by the Plaintiff against the Defendant, and vice versa, in regard to the [briefly describe the nature of the case/claim]. Terms of Settlement: 1. Payment: The Defendant agrees to make a payment of [specific amount] to the Plaintiff as full and final settlement of all claims and demands related to the case/claim number mentioned above. This payment shall be made via [preferred method of payment] within [specific time period] from the Effective Date of this agreement. 2. Release of Liability: Upon receipt of the aforementioned payment, the Plaintiff agrees to release the Defendant from any further liabilities, claims, or demands arising out of or related to the case/claim number discussed herein. This release shall be considered a complete and irrevocable discharge of all obligations, both present and future, between the parties involved. 3. Confidentiality: Both the Plaintiff and the Defendant agree to maintain complete confidentiality regarding the terms, amount, and existence of this settlement agreement. They further agree not to disclose any information related to the case/claim, the settlement, or any negotiations surrounding it, except as required by law. 4. Governing Law: This settlement agreement shall be governed by and construed in accordance with the laws of the state of New Mexico. Any disputes or controversies arising out of this agreement shall be submitted to binding arbitration in accordance with the rules and regulations set forth by the New Mexico Arbitration Association. 5. Entire Agreement: This agreement embodies the entire understanding between the Plaintiff and the Defendant and supersedes any and all prior agreements, written or oral, pertaining to the case/claim number mentioned herein. Please note that the terms and conditions of this settlement agreement are contingent upon both parties signing and returning a fully executed copy of this agreement within [specific time period]. Should one party fail to comply with this requirement, the agreement shall be considered null and void. If you agree to the terms as outlined above, please sign and return a copy of this settlement agreement to my attention. Once I receive the signed copy, I will forward it to the Plaintiff for their signature, and upon completion, a fully executed copy will be provided to each party. Thank you for your attention to this matter. I hope we can bring this dispute to a satisfactory conclusion and move forward. If you have any questions or require further clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Final Settlement Agreement for [Case/Claim Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to present the Final Settlement Agreement pertaining to the aforementioned case/claim number. As per our recent negotiations and discussions, we have successfully reached a mutually agreeable resolution to bring this matter to a close. The purpose of this settlement agreement is to outline the terms and conditions agreed upon by both parties involved, hereby referred to as the "Plaintiff" and the "Defendant." The agreement settles all claims, demands, and causes of action asserted by the Plaintiff against the Defendant, and vice versa, in regard to the [briefly describe the nature of the case/claim]. Terms of Settlement: 1. Payment: The Defendant agrees to make a payment of [specific amount] to the Plaintiff as full and final settlement of all claims and demands related to the case/claim number mentioned above. This payment shall be made via [preferred method of payment] within [specific time period] from the Effective Date of this agreement. 2. Release of Liability: Upon receipt of the aforementioned payment, the Plaintiff agrees to release the Defendant from any further liabilities, claims, or demands arising out of or related to the case/claim number discussed herein. This release shall be considered a complete and irrevocable discharge of all obligations, both present and future, between the parties involved. 3. Confidentiality: Both the Plaintiff and the Defendant agree to maintain complete confidentiality regarding the terms, amount, and existence of this settlement agreement. They further agree not to disclose any information related to the case/claim, the settlement, or any negotiations surrounding it, except as required by law. 4. Governing Law: This settlement agreement shall be governed by and construed in accordance with the laws of the state of New Mexico. Any disputes or controversies arising out of this agreement shall be submitted to binding arbitration in accordance with the rules and regulations set forth by the New Mexico Arbitration Association. 5. Entire Agreement: This agreement embodies the entire understanding between the Plaintiff and the Defendant and supersedes any and all prior agreements, written or oral, pertaining to the case/claim number mentioned herein. Please note that the terms and conditions of this settlement agreement are contingent upon both parties signing and returning a fully executed copy of this agreement within [specific time period]. Should one party fail to comply with this requirement, the agreement shall be considered null and void. If you agree to the terms as outlined above, please sign and return a copy of this settlement agreement to my attention. Once I receive the signed copy, I will forward it to the Plaintiff for their signature, and upon completion, a fully executed copy will be provided to each party. Thank you for your attention to this matter. I hope we can bring this dispute to a satisfactory conclusion and move forward. If you have any questions or require further clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Sincerely, [Your Name]