[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Confirmation of Settlement via Telephone Conversation Regarding [Briefly Describe the Matter] Dear [Recipient's Name], I hope this letter finds you well. This letter serves as confirmation of our recent telephone conversation held on [Date] concerning the settlement agreement reached between [Your Company/Organization] and [Recipient's Company/Organization/Individual]. It is crucial to acknowledge the terms discussed and agreed upon during our conversation. Details of the Settlement Agreement: 1. Parties involved: — [Your Company/Organization— - [Recipient's Company/Organization/Individual] 2. Settlement Amount: [Specify the agreed settlement amount, including currency] 3. Payment Terms: — Payment Method: [Specify the agreed-upon payment method, such as wire transfer, check, or electronic transfer] — Due Date: [Indicate the deadline by which the payment should be made] — Payment Recipient: [Provide the information of the authorized recipient of the settlement amount] 4. Release of Claims: Both parties agree to release one another from any past, present, or future claims, demands, liabilities, or actions related to [Briefly describe the issue or conflict being settled]. 5. Confidentiality: Both parties acknowledge and agree to maintain the confidentiality of the settlement regarding this matter. Confidentiality obligations shall survive termination of this settlement agreement. We consider the terms outlined above to be accurate and binding upon both parties involved. Please review this confirmation letter and inform us immediately if any amendments or corrections are necessary. Upon your agreement, kindly affix your signature at the designated space provided below, confirming that you have reviewed and agreed to the settlement terms. Once we have received the signed copy of this confirmation letter, we will proceed with the necessary steps to fulfill our side of the settlement agreement promptly. Any delay or failure to fulfill the agreed-upon terms may result in further legal action or reconsideration of the settlement. Your cooperation throughout the settlement process has been greatly appreciated, and we hope this satisfactory resolution will foster a positive future business relationship between our entities. Thank you for your prompt attention to this matter. Should you have any further questions or concerns, please do not hesitate to contact me directly at [Your Phone Number] or [Your Email Address]. Sincerely, [Your Name] [Your Title/Position] [Your Company/Organization] Agreed and Accepted by: [Recipient's Name] [Recipient's Title/Position] [Recipient's Company/Organization/Individual] Date: [Recipient's Signature]