Writing A Settlement Offer Without Prejudice Template
Description
How to fill out Release And Settlement Agreement?
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FAQ
Dear Sir / Madam [HR Representative], I am writing to request the Full and Final Settlement and Relieving Letter for my employment with [company name]. As you are aware, my last day of work was [date], and I have completed all of my pending tasks and handed over my responsibilities to my successor.
The "without prejudice" rule allows parties to conduct negotiations to settle an action without having statements made in those negotiations used against them in that action, or any subsequent related action.
How do you make a settlement offer? Firstly you need to work out how much to offer your creditors and then send your offer to them in writing. Always ask your creditors to confirm they accept your offer in writing before you send them any money.
I/We understand that the Bank has introduced ?OTS SCHEME? for recovery of outstanding dues, waiving some part of the interest and other charges in the account. I/We request you to consider my case for One Time Settlement and advise me the rebate I shall get if I arrange to pay the balance outstanding in full.
Offers of settlement should be referred to as offers of settlement, marked ?without prejudice?, not contain an admission of liability, and invite the other party to engage in communications to settle a disputed claim.