New York Sample Letter for Settlement - Offer to Settle with Condition

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0753LTR
• Format: Word; Rich Text

Description

Sample Letter for Settlement - Offer to Settle with Condition [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Receiver's Name] [Receiver's Address] [City, State, ZIP] Subject: Offer to Settle with Condition — [Case Number/Claim Reference] Dear [Receiver's Name], I hope this letter finds you well. I am writing in regard to the aforementioned case/claim and would like to discuss the possibility of reaching a settlement in order to resolve this matter amicably. After careful consideration and discussion with my legal counsel, I propose an offer to settle the case/claim under the following conditions: 1. Settlement Amount: We propose to settle this matter for the total amount of $[Settlement Amount]. This amount will be paid by [Payment Method] within [Payment Terms]. Please find enclosed a cashier's check in the amount of $[Initial Payment] as a show of good faith. 2. Release of Liability: Upon acceptance of this settlement offer and receiving the full settlement amount, it is agreed that all parties involved will release each other from any further claims, actions, or liabilities related to the case/claim in question. This will be achieved by executing a comprehensive release agreement, drafted and approved by both parties' legal teams. 3. Confidentiality Clause: As part of this settlement agreement, both parties shall maintain strict confidentiality regarding the terms and conditions of the settlement, unless otherwise required by law. Neither party shall disclose, discuss, nor publicize any details concerning this settlement to any third party without prior written consent from both parties. 4. Timeframe for Acceptance: This settlement offer is valid for a period of [Offer Expiry Date], after which it shall be considered null and void. Therefore, I kindly request you to promptly review this offer and respond within this timeframe. Please note that this settlement offer is made without any admission of liability or fault. It is simply a strategic resolution to avoid prolonging the legal process, preserving the resources, and reaching an agreement that benefits both parties involved. In the event that you accept this settlement offer, kindly indicate your acceptance by signing and returning a copy of this letter to my attention. Subsequently, we will proceed with the documentation required to finalize the settlement, including the preparation of the release agreement. Should you have any questions or require further clarification, please do not hesitate to contact me at your earliest convenience. I hope that we can find common ground and bring this matter to a satisfactory conclusion. Thank you for your time and consideration. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Receiver's Name] [Receiver's Address] [City, State, ZIP] Subject: Offer to Settle with Condition — [Case Number/Claim Reference] Dear [Receiver's Name], I hope this letter finds you well. I am writing in regard to the aforementioned case/claim and would like to discuss the possibility of reaching a settlement in order to resolve this matter amicably. After careful consideration and discussion with my legal counsel, I propose an offer to settle the case/claim under the following conditions: 1. Settlement Amount: We propose to settle this matter for the total amount of $[Settlement Amount]. This amount will be paid by [Payment Method] within [Payment Terms]. Please find enclosed a cashier's check in the amount of $[Initial Payment] as a show of good faith. 2. Release of Liability: Upon acceptance of this settlement offer and receiving the full settlement amount, it is agreed that all parties involved will release each other from any further claims, actions, or liabilities related to the case/claim in question. This will be achieved by executing a comprehensive release agreement, drafted and approved by both parties' legal teams. 3. Confidentiality Clause: As part of this settlement agreement, both parties shall maintain strict confidentiality regarding the terms and conditions of the settlement, unless otherwise required by law. Neither party shall disclose, discuss, nor publicize any details concerning this settlement to any third party without prior written consent from both parties. 4. Timeframe for Acceptance: This settlement offer is valid for a period of [Offer Expiry Date], after which it shall be considered null and void. Therefore, I kindly request you to promptly review this offer and respond within this timeframe. Please note that this settlement offer is made without any admission of liability or fault. It is simply a strategic resolution to avoid prolonging the legal process, preserving the resources, and reaching an agreement that benefits both parties involved. In the event that you accept this settlement offer, kindly indicate your acceptance by signing and returning a copy of this letter to my attention. Subsequently, we will proceed with the documentation required to finalize the settlement, including the preparation of the release agreement. Should you have any questions or require further clarification, please do not hesitate to contact me at your earliest convenience. I hope that we can find common ground and bring this matter to a satisfactory conclusion. Thank you for your time and consideration. Sincerely, [Your Name]