[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Law Firm/Organization Name] [Address] [City, State, ZIP] Subject: Request to Respond to Settlement Offer — Case [Case Number] Dear [Recipient's Name], I hope this letter finds you well. I am writing to you as a party involved in the aforementioned case to formally request your prompt response to a settlement offer extended by your client. As you are aware, our legal teams have been diligently working to resolve this dispute, considering the complexity and potential impact it may have on both parties involved. After thorough discussions and review of the facts, circumstances, and legal provisions surrounding the case, we have presented a settlement offer in good faith, aiming to reach a fair and mutually beneficial resolution. Outlined below are the key details of the settlement offer: 1. Offered Settlement Amount: [Specify the exact monetary figure proposed as settlement]. 2. Scope of Resolution: The settlement amount is intended to resolve all claims and counterclaims raised in this case, including but not limited to [cite specific claims like breach of contract, negligence, etc.]. It is our belief that accepting this offer will help avoid prolonged litigation, expenses, and uncertainties associated with trial proceedings. 3. Terms and Conditions: In addition to the financial settlement, we propose the following terms and conditions to uphold the principle of good faith and to ensure a comprehensive and final resolution to this matter: a) Mutual release of all claims: Both parties are to release one another from any future claims or liabilities arising from the disputed matter; b) Non-disclosure agreement: Both parties agree to maintain strict confidentiality regarding the terms of this settlement and any discussions related to it; c) Compliance: It is expected that both parties will fulfill their settlement obligations in a timely manner, ensuring a smooth resolution and avoidance of any further legal intervention. We kindly request due consideration of this settlement offer and a prompt response from your client. Given the potential benefits of resolving this matter amicably, we encourage you to diligently review the terms and conditions proposed. Should your client have any counter-offers, modifications, or concerns regarding the settlement terms, we are open to discussions to further perfect the agreement and foster a fair resolution. In the absence of any response within [specify a reasonable timeframe, e.g., 14 days] of the receipt of this letter, we shall be forced to reconsider our offer and explore alternative routes to achieve resolution, which may include pursuing further litigation. To ensure efficient communication, we kindly request that you acknowledge the receipt of this letter by providing confirmation via email or telephone. Additionally, any subsequent correspondence related to this settlement offer should be directed to my attention at the provided contact details. Thank you for your attention to this matter. We remain hopeful that with a good-faith response from your client, we can bring this case to an amicable and mutually beneficial resolution. Yours sincerely, [Your Name]
South Carolina Sample Letter for Request to Respond to Settlement Offer
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How to fill out Sample Letter For Request To Respond To Settlement Offer?
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FAQ
You can accept an Offer, reject an Offer, or make a counter-Offer. You must serve your Offer on your partner, and their lawyer if they have one. Rule 6: Service of documents tells you how to serve your documents. If you, or your partner, accept an Offer, you put the terms of the Offer into a written document.
Settlement agreements include a release of liability, meaning once you sign, the insurance company is not responsible for any additional payments. Even if you later realize the offer you accepted is far short of what you deserve, the liability waiver will prevent you from seeking more money, even if you file a lawsuit.
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.
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.
State the settlement offer you are willing to accept and the reasons why. You can repeat the position you stated in the first demand letter. Your attorney can advise you on whether you should stick with the amount stated in your first demand letter or if you should present a counteroffer.
I appreciate that your company is willing to work with me in settling the debts I owe. This letter is to confirm my acceptance of the verbal offer. The amount that your representative and I have mutually agreed upon to settle the debt in full is $ .
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.
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.
