[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company/Organization Name] [Address] [City, State, ZIP] Subject: Confirmation of Settlement via Telephone Conversation Dear [Recipient's Name], I am writing to formally confirm our recent settlement agreement, reached through a telephone conversation held on [date of conversation]. The purpose of this letter is to provide written documentation of the terms agreed upon during our settlement discussion. This settlement pertains to the dispute regarding [briefly describe the nature of the dispute]. After thorough discussion and negotiation, we have mutually agreed upon the following terms: 1. Settlement Amount: The agreed settlement amount is [mention the specific monetary figure] payable within [state the agreed timeline] from the date of this letter. 2. Payment Method: The settlement amount shall be paid via [specify the agreed mode of payment, such as bank transfer, certified check, or any other agreed method]. 3. Full and Final Settlement: Upon receipt and clearance of the settlement amount, both parties agree that this settlement will be considered full and final, thereby releasing all claims and liabilities related to the aforementioned dispute. Neither party shall have any further obligations nor rights against the other party concerning this matter. 4. Confidentiality: Both parties agree to maintain strict confidentiality regarding the settlement terms and the details of this agreement. We shall refrain from disclosing any information regarding this settlement to any third party, except as required by law. 5. Legal Effect: This settlement agreement, once executed, will be legally binding on both parties and may be used as evidence in any subsequent legal proceedings. Please confirm your agreement to these terms by signing and returning a copy of this letter to me via email or postal mail within [mention a specific timeline, e.g., five business days]. In the event of any disagreement or misunderstanding regarding the content mentioned above, we shall consider this letter null and void, and both parties will be released from any obligations arising from this settlement. Thank you for your prompt attention to this matter. This confirmation of settlement will facilitate our legal resolution and bring an end to any further disputes related to the aforementioned matter. If you have any queries or require any further information, please do not hesitate to contact me. We look forward to receiving your signed confirmation and settling this matter amicably. Yours sincerely, [Your Name]