Los Angeles California Sample Letter for Settlement Agreement and Release

• Category: Letters - Legal - Settlements
• State: Multi-State
• County: Los Angeles
• Control #: US-0176LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Los Angeles California Sample Letter for Settlement Agreement and Release: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Re: Settlement Agreement and Release Dear [Recipient's Name], I hope this letter finds you well. I am writing to propose a settlement agreement and release in relation to the dispute between [Your Name] and [Recipient's Name]. We believe that entering into this agreement will enable us to resolve our differences amicably without incurring further time, expenses, or emotional distress associated with litigation. This settlement agreement and release (the "Agreement") is intended to fully and finally resolve all outstanding issues and claims between us concerning [provide a brief overview of the dispute]. The parties agree to abide by the terms and conditions set forth in this Agreement, which are mutually beneficial and equitable. Key Terms of Settlement Agreement: 1. Payment Terms: It is understood and agreed that [Your Name]/[Recipient's Name] shall pay [dollar amount] as restitution for [nature of damages/losses]. The payment shall be made within [number of days] days of signing this Agreement and will be made via [mode of payment]. Upon receipt of this payment, both parties acknowledge that no further financial claims or obligations shall be outstanding. 2. Mutual Release: By signing this Agreement, both parties release and discharge each other from any and all claims, demands, debts, liabilities, actions, causes of action, costs, and expenses, whether known or unknown, that have arisen or may arise out of or in connection with the dispute. This release encompasses all claims, including those arising from negligence, breach of contract, or statutory violations. 3. Confidentiality: Both parties agree to treat the terms of this Agreement and all negotiations leading up to it as strictly confidential and will not disclose any information about this Agreement to any third party except as required by law or with the written consent of the opposing party. 4. Cooperation: Both parties agree to cooperate fully and in good faith to execute any necessary documents or take any actions to give effect to the terms of this Agreement. 5. Governing Law and Jurisdiction: This Agreement shall be governed and construed in accordance with the laws of the State of California. Any disputes arising from or relating to this Agreement shall be subject to the exclusive jurisdiction of the courts of Los Angeles County, California. Please review the terms and conditions outlined above and kindly indicate your agreement by signing both copies of this Agreement. Return one signed copy to me within [number of days] days of receiving this letter, and retain the other copy for your records. If you have any questions or require further clarification, please do not hesitate to contact me directly at [phone number] or [email address]. We sincerely hope that the signing of this Settlement Agreement and Release will bring an end to this dispute and allow both parties to move forward. Thank you for your attention to this matter, and I look forward to receiving your prompt response. Yours sincerely, [Your Name]

Los Angeles California Sample Letter for Settlement Agreement and Release: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Re: Settlement Agreement and Release Dear [Recipient's Name], I hope this letter finds you well. I am writing to propose a settlement agreement and release in relation to the dispute between [Your Name] and [Recipient's Name]. We believe that entering into this agreement will enable us to resolve our differences amicably without incurring further time, expenses, or emotional distress associated with litigation. This settlement agreement and release (the "Agreement") is intended to fully and finally resolve all outstanding issues and claims between us concerning [provide a brief overview of the dispute]. The parties agree to abide by the terms and conditions set forth in this Agreement, which are mutually beneficial and equitable. Key Terms of Settlement Agreement: 1. Payment Terms: It is understood and agreed that [Your Name]/[Recipient's Name] shall pay [dollar amount] as restitution for [nature of damages/losses]. The payment shall be made within [number of days] days of signing this Agreement and will be made via [mode of payment]. Upon receipt of this payment, both parties acknowledge that no further financial claims or obligations shall be outstanding. 2. Mutual Release: By signing this Agreement, both parties release and discharge each other from any and all claims, demands, debts, liabilities, actions, causes of action, costs, and expenses, whether known or unknown, that have arisen or may arise out of or in connection with the dispute. This release encompasses all claims, including those arising from negligence, breach of contract, or statutory violations. 3. Confidentiality: Both parties agree to treat the terms of this Agreement and all negotiations leading up to it as strictly confidential and will not disclose any information about this Agreement to any third party except as required by law or with the written consent of the opposing party. 4. Cooperation: Both parties agree to cooperate fully and in good faith to execute any necessary documents or take any actions to give effect to the terms of this Agreement. 5. Governing Law and Jurisdiction: This Agreement shall be governed and construed in accordance with the laws of the State of California. Any disputes arising from or relating to this Agreement shall be subject to the exclusive jurisdiction of the courts of Los Angeles County, California. Please review the terms and conditions outlined above and kindly indicate your agreement by signing both copies of this Agreement. Return one signed copy to me within [number of days] days of receiving this letter, and retain the other copy for your records. If you have any questions or require further clarification, please do not hesitate to contact me directly at [phone number] or [email address]. We sincerely hope that the signing of this Settlement Agreement and Release will bring an end to this dispute and allow both parties to move forward. Thank you for your attention to this matter, and I look forward to receiving your prompt response. Yours sincerely, [Your Name]