Florida Sample Letter for Revised Release and Reference to Settlement Proceeds

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0137LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

Florida Sample Letter for Revised Release and Reference to Settlement Proceeds Subject: Revised Release and Reference to Settlement Proceeds [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Dear [Recipient's Name], RE: Revised Release and Reference to Settlement Proceeds I hope this letter finds you in good health. I am writing to provide you with a revised release and reference to settlement proceeds following our recent settlement agreement. As you may recall, we were parties to a legal dispute [provide brief details of the dispute, case number, and any relevant background information]. After extensive negotiations, we reached a mutually acceptable settlement agreement on [date], which was formally documented in the original release agreement. However, subsequent developments and further discussions between both parties necessitate certain revisions to the original release agreement. These revisions aim to clarify and ensure the accurate representation of the settlement proceeds, and both parties' obligations and responsibilities going forward. The revised release agreement incorporates the following amendments: 1. Revised Settlement Amount: The revised agreement reflects a correction in the settlement amount to accurately represent the resolved dispute. The agreed-upon amount is [state the revised settlement amount]. 2. Clarification of Disputed Issues: The revised agreement provides a concise and precise description of the disputed issues resolved by the settlement. It ensures both parties are completely aware of the matters addressed and resolved by the agreement. 3. Release of Claims: The revisions include an updated and thorough release of claims section, which is critical to ensure the finality and legal closure of the dispute. It explicitly identifies and releases all potential claims, actions, causes of action, demands, disputes, or liabilities that either party may have against the other related to the initial dispute. 4. Reference to Settlement Proceeds: The revised agreement contains a more detailed breakdown of the settlement proceeds, ensuring clarity on the distribution and allocation of the agreed-upon amount. It specifies the percentage or amount received by each party, as well as any additional terms or conditions regarding the disbursement of funds. I kindly request your review and consideration of the revisions made in the attached revised release and reference to settlement proceeds. It is crucial that we ensure the accuracy and correctness of this document before proceeding with its execution. If you have any concerns or proposed modifications, please do not hesitate to contact me at your earliest convenience. Please sign and return the executed copy of the revised release agreement to me by [deadline, e.g., within 15 days of receiving this letter]. Upon receipt of the signed agreement, I will promptly return the countersigned copy for your records. Thank you for your attention to this matter. I look forward to resolving this dispute amicably and bringing closure to our legal proceedings. Yours sincerely, [Your Name] [Your Title/Position] [Your Company Name]