Subject: North Carolina Sample Letter for Settlement Check Enclosureur— - Full, Final and Absolute Mutual Release Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to discuss the details of a settlement check enclosed herewith, which serves as a Full, Final, and Absolute Mutual Release in accordance with the laws in North Carolina. This settlement check is issued as a resolution to the legal dispute between [Your Name], referred to as the "Releaser" and [Counterparty's Name], referred to as the "Released". The settlement amount mentioned in the enclosed check represents the agreed upon sum for the total resolution of all claims, demands, and actions arising from the aforementioned dispute. The purpose of this correspondence is to emphasize the key elements and significance of this Full, Final, and Absolute Mutual Release: 1. Termination of Claims: Upon receiving and depositing the enclosed settlement check, the Releaser hereby agrees to release, demise, and forever discharge the Released, their affiliated organizations, agents, employees, and representatives from all present and future claims, causes of action, demands, obligations, liabilities, and damages relating to the aforementioned dispute. This settlement check marks the fulfillment of all monetary obligations between the parties. 2. Mutual Liability Release: Both parties mutually acknowledge and agree that, except as specifically provided in this settlement, there shall be no further liability or obligation towards each other under any circumstances related to the dispute. 3. Binding Effect: This Full, Final, and Absolute Mutual Release is legally binding and enforceable by both parties and their successors, assigns, and legal representatives. It is irrevocable and supersedes any prior agreements, understandings, or communications, whether written or oral, relating to the dispute. 4. Confidentiality: Both the Releaser and Released shall keep the terms and conditions of this settlement, including the amount, strictly confidential unless legally required to disclose. Types of North Carolina Sample Letter for Settlement Check Enclosureur— - Full, Final and Absolute Mutual Release: 1. Personal Injury Settlement: This type of mutual release pertains to resolving a personal injury claim, often resulting from an accident, where the Releaser agrees to release the Released from liability in exchange for a settlement amount. 2. Employment Dispute Settlement: This kind of mutual release resolves a dispute between an employer and an employee, encompassing issues like wrongful termination, discrimination, or wage disputes, among others. 3. Contractual Dispute Settlement: This type of mutual release serves to settle contractual disputes, including breach of contract claims, where both parties agree to release each other from any further obligations or liabilities. Please note that this letter is for informational purposes only and not intended as legal advice. It is always recommended consulting with an attorney to ensure the legal adequacy and compliance of any settlement agreements. Thank you for your attention to this matter. Should you have any further questions or concerns, please do not hesitate to contact me. Sincerely, [Your Name] [Your Contact Information]
North Carolina Sample Letter for Settlement Check - Enclosure - Full, Final and Absolute Mutual Release
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FAQ
I would like to offer an amount of to settle the outstanding debt amount of $ with you. I also like to request you to include the following conditions as a part of my settlement offer: My account will be showing as 'paid in full' with no future liability or involvement.
Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account. Enter the amount which you can afford to pay. and I want to offer this as full and final settlement of the account.
I am writing about the money which you are claiming I owe on the above account. I can confirm that I am unable to offer to pay in full what I owe. and I want to offer this as an ex-gratia payment in full and final settlement of the account.
And I want to offer this as full and final settlement of the account. I am making this offer on the clear understanding that, if you accept it, neither you nor any associate company will take any other action to collect or enforce this debt in any way and that I will be released from any liability.
Example letter My situation is unlikely to improve for at least 3 months. I enclose a copy of my financial statement. This shows income and expenses for me and the offers I can make to my creditors. The offers have been worked out based on what I owe so that each creditor gets a fair share of the money.
Write a debt settlement letter to your creditor. Explain your current situation and how much you can pay upfront. Also, provide them with a clear description of what you expect in return, such as the removal of missed payments or the account shown as paid in full on your report.
Typical debt settlement offers range from 10% to 50% of the amount you owe. Creditors are under no obligation to accept an offer and reduce your debt, even if you are working with a reputable debt settlement company.
I am writing to request a full and final settlement of my payroll. As you know, I have recently resigned from my position at the company. I formally request that you process all outstanding payments owed as soon as possible. This includes any unpaid salary or benefits due to me until my last working day.
