New Mexico Sample Letter for Settlement Proposal concerning an Automobile

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0741LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. New Mexico Sample Letter for Settlement Proposal concerning an Automobile [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Settlement Proposal for Automobile Incident [Case Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to discuss the settlement proposal for the unfortunate automobile incident that occurred on [date] involving the parties mentioned in the above-mentioned case number. To provide some context, the incident took place in [location] when [briefly describe the accident]. I understand that accidents are regrettable, and it is in the best interest of both parties to reach a mutually satisfactory settlement to avoid any prolonged legal proceedings. Based on the thorough investigation conducted by the insurance companies and laying out the facts provided, I propose the following settlement terms: 1. Claim Amount: — As per the information from the insurance provider, the total amount for the vehicle's repairs is estimated at $[amount]. — Additionally, medical expenses for my injuries incurred in the accident amount to $[amount]. — The total settlement amount proposed is $[total amount]. 2. Allocation of Responsibility: — It has been established that both parties share responsibility for the accident, attributing [percentage] of fault to each party. — Consequently, I suggest dividing the settlement amount based on the assigned percentages of fault. 3. Payment Terms: — To ensure a prompt settlement, I propose that the full settlement amount be paid within [timeframe]. This timeframe allows enough time for the insurance companies to finalize the negotiation process. 4. Release of Liability: — Upon receipt of the agreed settlement amount, I am willing to sign a legally binding release of liability, certifying that I will not pursue any further legal action or claims related to the incident. Please consider this settlement proposal carefully, as it presents a fair and amicable resolution to an unfortunate event. I am committed to bringing this matter to a close in a timely manner and avoiding any unnecessary legal hassle for both parties involved. Kindly respond within [timeframe] with your acceptance or any counter-proposals you may have. I remain open to negotiations and willing to consider alternative terms that lead us to a mutually acceptable resolution. Thank you for your time and consideration. I hope we can resolve this matter without further burdening the courts and our lives. If you have any questions or require additional information, please do not hesitate to contact me. Sincerely, [Your Name]

New Mexico Sample Letter for Settlement Proposal concerning an Automobile [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Settlement Proposal for Automobile Incident [Case Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to discuss the settlement proposal for the unfortunate automobile incident that occurred on [date] involving the parties mentioned in the above-mentioned case number. To provide some context, the incident took place in [location] when [briefly describe the accident]. I understand that accidents are regrettable, and it is in the best interest of both parties to reach a mutually satisfactory settlement to avoid any prolonged legal proceedings. Based on the thorough investigation conducted by the insurance companies and laying out the facts provided, I propose the following settlement terms: 1. Claim Amount: — As per the information from the insurance provider, the total amount for the vehicle's repairs is estimated at $[amount]. — Additionally, medical expenses for my injuries incurred in the accident amount to $[amount]. — The total settlement amount proposed is $[total amount]. 2. Allocation of Responsibility: — It has been established that both parties share responsibility for the accident, attributing [percentage] of fault to each party. — Consequently, I suggest dividing the settlement amount based on the assigned percentages of fault. 3. Payment Terms: — To ensure a prompt settlement, I propose that the full settlement amount be paid within [timeframe]. This timeframe allows enough time for the insurance companies to finalize the negotiation process. 4. Release of Liability: — Upon receipt of the agreed settlement amount, I am willing to sign a legally binding release of liability, certifying that I will not pursue any further legal action or claims related to the incident. Please consider this settlement proposal carefully, as it presents a fair and amicable resolution to an unfortunate event. I am committed to bringing this matter to a close in a timely manner and avoiding any unnecessary legal hassle for both parties involved. Kindly respond within [timeframe] with your acceptance or any counter-proposals you may have. I remain open to negotiations and willing to consider alternative terms that lead us to a mutually acceptable resolution. Thank you for your time and consideration. I hope we can resolve this matter without further burdening the courts and our lives. If you have any questions or require additional information, please do not hesitate to contact me. Sincerely, [Your Name]