Virgin Islands Sample Letter for Rejection of Settlement Offer
Description
How to fill out Sample Letter For Rejection Of Settlement Offer?
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FAQ
To reject the initial offer, you will create a counteroffer and send it via mail to the insurance company claims adjuster.
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.
Things to Include in a Full and Final Settlement Letter Amount of settlement. Cheque of the settlement amount. Date of employees' resignation/termination. Date for which cheque is given. Statement of the account.
Dear [CREDITOR'S NAME], CLAIMS. I, [DEBTOR'S NAME], am writing this letter regarding a financial claim made against me described as: [DESCRIBE THE DEBT]. OFFER. I am willing to make the following legally binding offer for a full and final release of any and all claims against me: ... CONTACT.
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 offering the lowball initial offer. Your explanation behind these reasons can be critical in getting a better second offer from the claims adjuster.
What Should Be Included in a Settlement Agreement? Identifying information for all involved parties. A description of the issue you're seeking to settle. An offer of resolutions that both parties agree to. Proof of valid consideration from both parties without coercion or duress. Legal purpose.
I am able to pay the amount I have offered within [insert length of time within which you can pay] once you have accepted my offer and I have received written agreement of this. Please confirm where to make payment to. This letter clearly states your intentions and what you need the creditor to do.
