South Carolina Sample Letter for Settlement Check - Enclosure - Full, Final and Absolute Mutual Release
Description
How to fill out Sample Letter For Settlement Check - Enclosure - Full, Final And Absolute Mutual Release?
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FAQ
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.
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.
We each hereby expressly release the other from all claims and demands, known and unknown, arising out of the Agreement. Each party understands that, as to claims that are known to that party when the release is signed, any statutory provisions that would otherwise apply to limit this general release are hereby waived.
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.
Any party involved in the dispute will have to sign the agreement for mutual release. Mutual release agreements are used in various areas of the law in many types of disputes. Before signing any type of release agreement, both parties must know what their rights are and what they are agreeing to give up by signing.
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 agree to the terms of this Agreement, and I am voluntarily signing this release of all claims. I acknowledge that I have read and understand this Agreement, and I understand that I cannot pursue any of the claims and rights that I have waived in this Agreement at any time in the future.
The preamble of a mutual release typically gives a brief summary of the subject claim or controversy. The operative clauses then go on to specify that the parties mutually "release" each other from any and all claims, counterclaims, cross-claims, third-party claims, and/or causes of action.
