[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 confirm our settlement agreement reached during our telephone conversation held on [Date of Conversation] regarding the matter of [Briefly explain the nature of the case or dispute]. This settlement confirmation letter is intended to document the terms and conditions agreed upon to avoid any misunderstandings in the future. I understand that the terms of our settlement are as follows: 1. Settlement Amount: [Specify the agreed-upon monetary amount to be paid by the defendant/plaintiff/relevant party] 2. Payment Schedule: [Outline the agreed-upon payment schedule, if applicable, providing details regarding the dates, amount, and mode of payment] 3. Release of Claims: Upon receipt of the complete settlement amount, the [Plaintiff/Defendant/Relevant Party] agrees to release and discharge the [Defendant/Plaintiff/Relevant Party] from any and all present and future claims, liabilities, obligations, or demands arising from the aforementioned dispute. 4. Mutual Confidentiality: Both parties agree to maintain the confidentiality of the settlement terms and not to disclose any details to any third party, except as required by law. 5. Dismissal of Lawsuit (if applicable): Upon receipt and clearance of the settlement amount, the [Plaintiff/Defendant/Relevant Party] agrees to file a voluntary dismissal of the lawsuit [Case Number] with the [Court Name], bringing an end to all legal proceedings related to the matter. Please note that this settlement confirmation letter is intended to serve as a formal agreement between parties and does not constitute legal advice. It is advised to consult with an attorney to ensure compliance with all legal requirements. If you have any questions or require any further information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Thank you for your time and cooperation. We believe that this settlement agreement resolves the matter in an amicable and fair manner. Yours sincerely, [Your Name]