Legal Settlement Letter
[Month Day, Year]
Dear [Recipient's Name],
We represent [Client's Name] concerning the dispute arising from the alleged breach of contract between our client and [ABC Company] This dispute centers around the non-payment for construction services provided by our client on the [Project Name], specifically the installation of HVAC systems at the new residential complex located at [1234 Main Street, City, State].
Following recent negotiations, both parties have reached a mutual agreement to resolve this matter amicably, thereby avoiding further legal proceedings. The terms of the settlement are as follows:
Item | Amount |
|---|
Principal Settlement Amount | $150,000 |
Interest | $5,000 |
Legal Fees | $10,000 |
Other Costs | $2,000 |
Total Settlement Amount | $167,000 |
The Total Settlement Amount of [$167,000] is due by [Month Day, Year]. Payment should be made via wire transfer to [ABC Company]. This settlement agreement represents a full and final resolution of all claims arising from the aforementioned breach of contract. Upon receipt of the total settlement amount, both parties agree to release each other from any further claims related to this dispute.
Please acknowledge your acceptance of this settlement by signing below and returning a copy to our office by [Month Day, Year]. Should you have any questions or require further clarification, please do not hesitate to contact our office.
Sincerely,
[Your Name]
[Job Title]
[Month Day, Year]
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