[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP] Subject: Confirmation of Settlement via Telephone Conversation Dear [Recipient's Name], I am writing this letter to formally confirm the settlement reached during our recent telephone conversation dated [date of conversation]. This settlement pertains to the dispute between [your company name] and [recipient's company name], concerning [briefly mention the subject of the dispute]. To ensure complete and accurate documentation of the settlement, I am summarizing the terms as discussed and agreed upon during our conversation: 1. Parties involved: — [Your Company Name— - [Recipient's Company Name] 2. Date of conversation: [date] 3. Summary of the settlement: — [Include a detailed description of the settlement terms, including any financial obligations, timelines, or any specific actions required from either party] — [Mention any specific releases or waivers that need to be signed] 4. Method of payment: — [Specify the agreed method of payment, such as wire transfer, check, or any other preferred option] — [Provide necessary details like bank account information or mailing address, if applicable] 5. Deadline for settlement: — [Clarify the deadline by which the settlement amount must be paid or any other actions must be completed] Please note that this letter serves as formal confirmation of the settlement, and by accepting this letter, both parties agree to abide by the terms outlined herein. Should there be any discrepancies or misunderstandings regarding the contents of this letter, please notify me in writing within [specified time frame] of receiving this letter. If no changes or objections are raised, the settlement terms mentioned above will be considered final and binding for all parties involved. Thank you for your cooperation in resolving this matter amicably. We believe this settlement will ensure a positive outcome for both parties involved. We kindly request you to acknowledge receipt of this letter by signing and returning a copy of it at your earliest convenience. If you have any further questions or require additional information, please feel free to contact me via email or phone. Once again, thank you for your prompt attention to this matter. Sincerely, [Your Name]