A settlement release letter is a letter which is written to settle a dispute and to avoid going to the court. Either of the disputed parties can write a full settlement release letter. Usually, the party having a faulty part in the dispute is the one who releases a settlement letter.
This letter contains all the terms and conditions of a settlement and the part that both the parties will have to play after the settlement, is written in this letter.
This is an official and formal letter. Be polite and to the point. Make sure that the settlement agreements are fair for both parties.
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Settlement Release Letter Tips
- Be precise and to the point.
- Make sure the settlement is not too demanding for either of the party’s assets.
- Be fair and just so that the matter does not go to court.
- Write in the correct format and try to make most of the formalities.
Settlement Release Letter Template
Use our free Settlement Release letter to help you get started. If you need additional help or more examples check out some of the sample letters below.
From,
__________
____________
Date:__________
To,
__________
__________________
Subject: Settlement Release letter
Dear _________,
This letter is to inform you about________ (write all the details about the credit amount and payment settlement). Within one week of payment, I want all charges of dues removed and deleted from my account entirely with a statement that the payment has been paid in full.
I request you to agree to these terms and conditions and send a signed document back to me, immediately after which I will make the payment. I hope you will make efforts for us to resolve this issue peacefully.
Yours sincerely,
___________
From,
____________
____________
____________
Date- (on the day the letter is written)
To,
____________
____________
____________
Subject: Settlement Release letter
Respected Sir,
I am writing this letter to propose a settlement and release deal between the two of us. I want to propose this deal because __________________ (mention reason). Like you know all deals have certain claims to them, I would also like to make some claims.
(Mention the claims in bullet points)
_____________________
________________________
___________________
If you agree to these claims or if you want to negotiate further, I would gladly accept it and would set up a meeting so that we can discuss the settlement. I would urge you to think about it properly before you make a decision. And I would also say that you make a decision that will help us both move on with our lives and not fall back to courtroom drama.
If you wish to contact me, please call my office or send an email to me (mention email address). I hope you make the best decision.
Sincerely,
Your name.
Settlement Release Letter Sample
The following is a Sample of a Settlement release letter.
From,
Rob Taylor,
Andhra NGO,
Kolhapur
Date: 6th February 2017
To,
Dinesh Agarwal,
Sun Ltd.,
Kolhapur
Subject: Settlement Release letter
Dear Dinesh Agarwal,
This letter is to inform you that I will credit to your bank account a total of five hundred dollars, as per our telephonic conversation on the 20th of January 2017, to settle the dues on my account. This payment will be marked as full payment.
Within one week of payment, I want all charges of dues removed and deleted from my account completely with a statement that the payment has been paid in full.
I request you to agree to these terms and conditions and send a signed document back to me, immediately after which I will make the payment. I hope you will make efforts for us to resolve this issue peacefully.
Yours sincerely,
Rob Taylor
From,
Rohan Joshi
Sector 17, Vashi,
Navi Mumbai.
27 February 2017.
To,
Ashank Raut,
SV Road, Malad,
Mumbai.
Subject: Settlement Release letter
Respected Sir,
I am writing this letter to propose a settlement and release deal between the two of us. I want to propose this deal because both of us do not want to get involved in courtroom drama as it would affect us in a negative manner. I think that settling the matter out of court would be better for us.
As every negotiation deal goes I would like to put up certain claims. The claims are
On or before 20th March, you will make a payment to me in the amount of 50,000/-
No later than 10 days following the execution of this Agreement, the Parties will file a Joint Motion to Dismiss the Litigation with prejudice.
This settlement should be highly confidential
If you agree to these claims or if you want to negotiate further, I would gladly accept it and would set up a meeting so that we can discuss the settlement. I would urge you to think about it properly before you make a decision. It would be best if you agree to these claims so that we can move on with our lives.
If you wish to contact me please call my office number.
Regards,
Rohan Joshi.
Settlement Release Letter Email Format
The following is an Email format of a settlement release letter.
Dear Sir/ Ma’am,
I have sent this letter to inform you that as per our telephonic conversation on _______(mention the date), I will credit to your bank account a total of ____(enter amount) dollars, in order to settle the dues on my account which will be marked as full payment. I request that in three week’s time of payment, all charges of dues are to be deleted from my account marking it with paid as agreed.
I request you to agree to these terms and conditions and send a signed document back to me, immediately after which I will make the payment. I hope you will make the efforts for us to resolve this issue peacefully.
Yours sincerely,
____