[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Proposed Settlement through Mutual Release for [Case/File Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to propose a settlement through mutual release in regard to the aforementioned case/file number. After careful consideration and evaluation of the circumstances, I believe that reaching a mutually beneficial resolution will be the most efficient and practical course of action for both parties involved. As you are aware, the case/file number pertains to [briefly mention the nature of the dispute, e.g., an employment-related issue, a contractual disagreement, or any other pertinent details]. With the objective of avoiding protracted litigation that may incur further costs, strain resources, and prolong the resolution process, I propose a fair settlement. Terms of the Proposed Settlement: 1. Payment: The proposed settlement includes a payment of [amount in dollars] to be made by [Party A] to [Party B] to resolve any outstanding financial obligations related to the case. This payment shall be made within [timeframe, e.g., 30 days] from the date of the signed settlement agreement. 2. Mutual Release: Once the payment is received, both parties mutually release and discharge each other from any present or future claims, demands, causes of action, suits, liabilities, or obligations arising from the dispute. This mutual release ensures that both parties can move forward without any residual legal consequences or obligations. 3. Confidentiality: It is agreed upon that the terms and conditions of this settlement remain confidential. Both parties commit to non-disclosure and agree not to make any public statements, directly or indirectly, that may harm the reputation or business interests of either party. However, disclosure of this settlement is permissible when required by law or for tax purposes. 4. No Admission of Liability: This settlement is not an admission of liability by either party. It is a resolution reached to avoid further legal proceedings. Neither party shall use this settlement as an admission of any wrongdoing or liability in any future proceedings. 5. Costs and Attorney's Fees: Each party shall be responsible for their respective costs and attorney's fees incurred until the date of this settlement. No further claims for costs or attorney's fees shall be made. I believe that the terms outlined above are fair and reasonable, taking into consideration the strengths and weaknesses of both parties' positions. If you find them acceptable, please sign and return a copy of this letter to demonstrate your agreement to these terms. Upon receipt of your signed acceptance, we will proceed with the necessary paperwork to finalize the settlement. Please note that this proposal is made without prejudice, and in the event that it is not accepted, all rights, defenses, and remedies are expressly reserved. I encourage you to carefully review this letter and consult with your legal counsel before making a decision. If you have any questions or require any further clarification, please do not hesitate to contact me at [phone number] or via email at [email address]. Thank you for your prompt attention to this matter. I hope that we can swiftly resolve this dispute through the proposed settlement and avoid any further conflict or inconvenience. Yours Sincerely, [Your Name]
Puerto Rico Sample Letter for Proposed Settlement through Mutual Release
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How to fill out Puerto Rico Sample Letter For Proposed Settlement Through Mutual Release?
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FAQ
A settlement agreement, also called a release, is a binding contract that settles a lawsuit or potential lawsuit between two or more parties and stipulates that no lawsuit can be filed in the future. The courts encourage parties to resolve their dispute through a settlement agreement rather than through the courts.
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.
Your debt settlement proposal letter must be formal and clearly state your intentions, as well as what you expect from your creditors. You should also include all the key information your creditor will need to locate your account on their system, which includes: Your full name used on the account. Your full address.
Dear Sir/Madam, I am writing to request my full and final settlement amount as I have resigned from my job on [Date]. I would like to confirm that I have cleared all the advances taken during my tenure, and there are no outstanding loans or debts from my end.
The Parties hereby release each other from all actions, causes of action, liabilities, or claims. The parties hereby agree not to sue each other for any matter related to any matter that arose prior to the date this agreement is signed and agree not to seek damages from each other.
If you're thinking about negotiating a settlement or repayment agreement with a debt collector, consider the following three steps: Confirm that you owe the debt. ... Calculate a realistic repayment plan. ... 3. Make a repayment proposal to the debt collector.
What is a Settlement Agreement And Mutual Release? A settlement agreement and mutual release is a contract where both parties agree to settle the dispute and release each other from all future claims, even claims that aren't yet known at the time of signing.
I am writing about the money which you are claiming on the above account. I can confirm that I am unable to pay the money which I owe in full. Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account.
