Disputed Account Settlement

I. Introduction

This Disputed Account Settlement Agreement ("Agreement") is entered into as of [DATE] by and between [YOUR COMPANY NAME] ("Creditor") and [DEBTOR'S FULL NAME] ("Debtor"). The purpose of this Agreement is to provide a structured resolution to the disputed account under the terms set forth below.

II. Parties Involved

[YOUR COMPANY NAME], a company organized and existing under the laws of [Your Company's Country], with its principal office located at [YOUR COMPANY ADDRESS].
[DEBTOR'S FULL NAME], an individual residing at [DEBTOR'S ADDRESS].

III. Recitals

The Creditor and the Debtor hereby acknowledge the existence of a dispute regarding account number [ACCOUNT NUMBER] initially opened on [Account Opening Date]. The following disagreements pertain to this account:

Incorrect billing amount claimed by the Creditor.
Disputed charges or fees assessed to the account.
Miscommunication over payment terms and conditions.

IV. Settlement Terms

A. Settlement Amount

The parties agree that the Debtor shall pay the Creditor a total settlement amount of [SETTLEMENT AMOUNT], which is recognized by both parties as full and final payment concerning the disputed account.

B. Payment Terms

The settlement amount shall be paid according to the following terms:

Initial payment of [INITIAL PAYMENT AMOUNT] due on [INITIAL PAYMENT DUE DATE].
Subsequent monthly payments of [MONTHLY PAYMENT AMOUNT] starting from [START DATE OF MONTHLY PAYMENT] and continuing for [NUMBER OF MONTHS] months.

C. Other Conditions

All payments should be made via [ACCEPTABLE FORMS OF PAYMENT].
In case of late payment, penalties will apply as agreed upon in this Agreement.
The Creditor will provide a written acknowledgment of each payment received from the Debtor and will issue a full release of any claims regarding the disputed account upon receipt of final payment.

V. Miscellaneous

This Agreement shall be binding upon and inure to the benefit of the parties, their successors, and assigns. This Agreement is executed in good faith by both parties and is intended to lead to a fair resolution of the dispute without further conflict or litigation.

VI. Signatures

[YOUR COMPANY NAME] authorized representative:

[YOUR NAME]

[YOUR TITLE]

[DATE]

[DEBTOR'S FULL NAME]
[DATE]

Prepared by:	[YOUR NAME]
Company:	[YOUR COMPANY NAME]
Date:	[DATE]