Subject: Letter of Confirmation regarding Settlement via Telephone Conversation Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. As per our recent telephone conversation held on [date], I am writing to provide you with a formal confirmation of the settlement reached between the parties involved in [case or legal matter]. I would like to express my deepest gratitude in successfully coming to a mutual agreement during our discussion. Our conversation was both constructive and productive, allowing us to resolve any existing disputes and find a satisfactory resolution. In accordance with the terms we discussed, I hereby confirm that both parties have agreed to the following settlement terms: 1. Detailed Description of Settlement Terms: — Money Matters: Specify the exact amount to be paid, any installment plans, or payment methods agreed upon. — Terms of Agreement: Outline any specific conditions or requirements, clearly stating the obligations and responsibilities of both parties. — Release of Liability: Specify that once the settlement is fulfilled, all parties involved will be released from any future claims or actions related to the issue in question. — Confidentiality: Determine if any confidentiality clauses are to be included regarding the settlement terms and discussions. Please note that the settlement terms detailed above are subject to final documentation and any necessary legal procedures. As we discussed, our respective legal counsels will work together to draft the final settlement agreement that incorporates all the discussed terms and conditions. Once drafted, both parties will review and provide their approval before proceeding with the formal execution. I kindly request you to review this letter and promptly acknowledge your understanding and acceptance of the settlement terms detailed herein. Kindly sign and return a scanned copy of this letter by email or send a hard copy to the provided address within [specified time frame]. Your timely response will help facilitate the resolution process efficiently. Should you have any questions or concerns regarding the settlement terms or require further clarification, please do not hesitate to contact me directly at [your contact information]. I am available to address any queries and ensure a smooth conclusion. We believe that this settlement agreement effectively resolves all disputes and issues related to [case or legal matter] and shall bring closure to this matter satisfactorily. Thank you for your cooperation throughout this process, and I look forward to receiving your positive response. I am confident that our commitment to resolving this matter amicably will serve as a foundation for maintaining a positive working relationship in the future. Yours sincerely, [Your Name] [Title/Position] [Your Organization] [Date]