[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 Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally confirm the details of our recent settlement agreement, which we reached through a telephone conversation regarding the matter concerning [briefly describe the nature of the settlement]. As per our conversation on [date] at [time], we have agreed to settle the aforementioned matter in a mutually beneficial way. The terms of our settlement are as follows: 1. Settlement Amount: The agreed-upon settlement amount is [insert dollar amount]. 2. Payment Method: The settlement payment shall be made by [insert preferred payment method — e.g., check, electronic transfer] within [insert timeframe]. 3. Release of Claims: On receipt of the settlement amount, the undersigned parties agree to release each other from any and all present and future claims, demands, liabilities, or causes of action related to the aforementioned matter. 4. Confidentiality: Both parties agree to keep the terms of this settlement and any related discussions strictly confidential, except as required by law or with the express written consent of the other party. We consider this settlement to be full and final, resolving all aspects of the dispute and precluding any further claims or actions related to the matter in question. Please confirm your agreement to the terms outlined above by signing and returning a copy of this letter at your earliest convenience. In doing so, we can ensure that all parties involved are in complete understanding and agreement. In case you have any questions or require further clarification, please do not hesitate to contact me at [insert phone number] or [insert email address]. I am more than willing to address any concerns you may have. Thank you for your prompt attention to this matter. Your cooperation and willingness to settle amicably are greatly appreciated. Yours sincerely, [Your Name]