[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Counter Offer for Settlement Agreement Dear [Recipient's Name], I hope this letter finds you well. I am writing to you in response to the settlement offer received from your end regarding the ongoing dispute between us. After careful consideration and consultation with my legal counsel, I am hereby submitting my counter offer for your review and consideration. Firstly, let it be known that I am seeking an amicable resolution to this matter and desire to avoid further legal proceedings. I value the importance of finding middle ground and reaching a fair and just resolution that satisfies both parties involved. Counter Offer Details: 1. Amount: I propose a counter amount of $_________ as the settlement offer. Considering all relevant factors and circumstances, I believe this amount appropriately addresses the damages claimed while providing us with a fair outcome. 2. Payment Plan: In an effort to accommodate both parties, I suggest a payment plan option. I am willing to accept a structured payment arrangement over [duration of time, e.g., 12 months] to allow for the settlement amount to be paid in installments. Upon your acceptance of this counter offer, we can further discuss and finalize the specifics of the payment plan, ensuring it is feasible for both parties. 3. Mutual Release: Upon reaching an agreement on the proposed counter offer, it is imperative that both parties agree to a mutual release. This release would absolve either party from any further claims, demands, or liabilities related to the disputed matter, offering a clean slate for the future. Please review this counter offer thoroughly and consult with your legal representative to determine its feasibility and fairness. I kindly request a response within [reasonable time frame, e.g., 14 days] to expedite the resolution process. Should further negotiation be required, I am open to discussions with the goal of finding a mutually acceptable resolution. Lastly, I would like to reiterate my intention to settle this matter and avoid escalating the dispute. I believe that through open communication and compromise, we can reach a settlement that serves the interests of both parties. Thank you for your attention to this matter. I trust that we can come to a resolution promptly and cordially. Please do not hesitate to contact me at [phone number] or [email address] to discuss further. Sincerely, [Your Full Name]
Mississippi Sample Letter for Settlement - Counter Offer
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How to fill out Mississippi Sample Letter For Settlement - Counter Offer?
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Your legal representative can help you write a letter that states your intentions. Within the letter, you can indicate that you reject the offer and highlight why you deserve a higher settlement amount. You should also counter their reasons for providing you with the low-ball initial offer.
In response to your letter dated [Date of Insurer's Letter], I am unable to accept your offer of $[Offer Amount] to settle my demand for compensation in Claim Number [Claim Number from Above]. The figure you offered is insufficient in light of the facts of the case.
Remain calm and analyze the offer even if you feel like the adjuster is trying to take advantage of you. Ask questions to find out how the adjuster came to the conclusion that they did. Develop and plan your response (which is often called a counteroffer). Respond to the offer in writing.
Rather, ask why the adjuster has provided this extremely low figure. You should then write a formal letter of response in which you state that you don't find the initial low settlement offer acceptable, listing the reasons why and concluding with a demand for a higher settlement offer.
You Can Negotiate a Settlement. Here's How How Do Lawyers Negotiate Settlements? Hold Onto Everything. Open an Insurance Claim in a Timely Manner. Estimate the Value of Your Claim Carefully. Write an Effective Demand Letter. Reject the Insurer's First Offer. Highlight Facts that Benefit You. Remain Calm During Negotiations.
It is a good idea to avoid accepting a settlement offer until you fully recover from your injuries or have a firm medical prognosis about them from your doctor.
If you have determined to respond to a low settlement offer yourself, consider the following: Stay polite and professional. We understand it's a frustrating and emotional process. ... Ask questions. ... Offer the facts. ... Put your response in writing. ... Don't be bullied.
Sample of a Cash Settlement Letter. Dear (name of adjuster), Pursuant to the telephone conversation we had on (date), please allow this letter to confirm we have agreed to settle my claim that is referenced above. The claim is settled in full for the amount of (your agreed settlement amount).
