[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Settlement Confirmation via Telephone Conversation Dear [Recipient's Name], I am writing this letter to formally confirm the settlement agreement reached between us during our telephone conversation on [Date]. This settlement pertains to the matter concerning [briefly describe the subject of the settlement, such as contractual dispute, debt, or personal injury claim] involving [details of parties involved if applicable]. Please find below the key terms and conditions of the settlement that we discussed and agreed upon: 1. Parties Involved: — [Your Name/Your Company Name— - [Recipient's Name/Recipient's Company Name] 2. Settlement Amount: — The agreed settlement amounsexes$X], payable within [number of days/months] from the date of this confirmation letter. This payment will be made via [payment method, i.e. check, wire transfer, etc.]. 3. Mutual Release: — As part of this settlement, both parties mutually release each other from any present or future claims, demands, or actions arising from the aforementioned matter. This release extends to all employees, representatives, and affiliates of both parties. 4. Confidentiality: — The terms and conditions of this settlement are strictly confidential and should not be disclosed to any third party, except as required by law or with prior written consent from both parties. 5. Compliance with Laws: — Both parties agree to comply with all applicable laws and regulatory requirements while executing their respective obligations under this settlement. 6. Governing Law and Jurisdiction: — This settlement agreement shall be governed by and construed in accordance with the laws of the State of Ohio. Any legal action arising from the interpretation or enforcement of this settlement shall be subject to the exclusive jurisdiction of the courts located in Cuyahoga County, Ohio. Please review the above details and indicate your acceptance of this settlement agreement by signing and returning a copy of this letter within [number of days] from the date of receipt. Upon receiving your signed acceptance, I will promptly proceed with arranging the payment as agreed. Should you have any questions or concerns regarding this settlement confirmation, please do not hesitate to contact me at [your contact number or email]. Thank you for your prompt attention to this matter. I look forward to the resolution of this dispute and the successful closure of our agreement. Sincerely, [Your Name] Enclosure: Settlement Confirmation Agreement