IT Settlement Proposal

I. Introduction

This IT Settlement Proposal is a formal offer made by [YOUR COMPANY NAME] to settle claims associated with the IT services provided to [CLIENT'S COMPANY NAME]. This document outlines the terms and conditions agreed upon by both parties and seeks to resolve all outstanding issues in a fair and mutually beneficial manner.

II. Parties Involved

• [YOUR COMPANY NAME], also referred to as "The Service Provider"

• [CLIENT'S COMPANY NAME], also referred to as "The Client"

III. Description of Dispute

The primary issues subject to this settlement involve:

• Non-performance of contracted IT services

• Delayed delivery and implementation of IT solutions

• Disagreement over billed amounts versus services rendered

IV. Settlement Terms

A. Financial Settlement

1. The total settlement amount agreed upon is [Settlement Amount].

2. Payment plan details:

   • Initial payment of [Initial Payment Amount] due by [Due Date].

   • Remaining balance to be paid in [Number of Installments] monthly installments of [Installment Amount] each.

3. All payments shall be made to [Your Company Bank Details].

B. Non-Monetary Terms

• [CLIENT'S COMPANY NAME] agrees to provide a written apology for the undue delays and miscommunications.

• [YOUR COMPANY NAME] agrees to offer additional support and maintenance services at a discounted rate for the next [Duration].

• Both parties agree to refrain from any form of public or private derogatory comments concerning the other party in relation to this dispute.

V. Confidentiality

Both parties agree that the terms of this settlement are confidential and shall not be disclosed to any third party, except as required by law or to obtain professional advice.

VI. Legal Binding

This settlement proposal is legally binding upon signature by both parties. It serves as a full and final resolution of all claims arising from the disputed IT services mentioned herein. No further claims may be brought by either party once this agreement is executed.

VII. Signature

By signing this document, both parties agree to the terms and conditions stated above:

Signature [YOUR NAME]
Title: [Your Title]
Date: [Date]

Signature [Client's Representative Name]
Title: [Client's Representative Title]
Date: [Date]

Created by:

[YOUR NAME]

Official working for: [YOUR COMPANY NAME]

Email: [YOUR COMPANY EMAIL]

Address: [YOUR COMPANY ADDRESS]

Phone number: [YOUR COMPANY NUMBER]

Website: [YOUR COMPANY WEBSITE]

Social media: [YOUR COMPANY SOCIAL MEDIA]

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