Proposal for Settlement
Proposal for Settlement
[Your Company Name]
[Your Company Address]
[Your Company Email]
[Your Company Number]
[Date]
[Recipient's Name]
[Recipient's Title]
[Recipient's Company Name]
[Recipient's Address]
Dear [Recipient's Name],
Re: Proposal for Settlement – [Case/Dispute Name]
I hope this letter finds you well. In an effort to amicably resolve the ongoing dispute between [Your Company Name] and [Recipient's Company Name], we are submitting this Proposal for Settlement. Our goal is to reach a fair and mutually agreeable resolution without further escalation of the matter.
1. Background:
To summarize, the dispute arose from a breach of contract regarding the delivery of custom software components. Despite our best efforts to resolve the issue informally, we believe that formal settlement terms will be beneficial for both parties.
2. Proposal Terms:
a. Financial Settlement: [Your Company Name] proposes to pay [Recipient's Company Name] the amount of $15,000.00 as full and final settlement of all claims related to this dispute.
b. Non-Monetary Terms: [Your Company Name] will provide a written apology and implement corrective measures to improve future contract management and delivery processes.
c. Confidentiality: Both parties agree to keep the terms of this settlement confidential and not disclose any information related to this dispute to third parties.
d. Release of Claims: Upon acceptance of this proposal, both parties agree to release each other from any further claims or liabilities related to this matter.
3. Acceptance:
To accept this proposal, please sign and return a copy of this letter by [Date]. If you have any questions or require further negotiation, please contact me directly at [Your Number] or [Your Email].
We believe this proposal offers a fair resolution and hope it will be acceptable to you. We are committed to resolving this matter in a way that is equitable for all involved.
Thank you for your attention to this proposal. We look forward to your prompt response.
Sincerely,
[Your Name]
[Your Title]
[Your Company Name]
Acceptance of Settlement Proposal:
I, [Recipient's Name], on behalf of [Recipient's Company Name], accept the terms outlined in this Proposal for Settlement.
Name: [Recipient's Name]
Title: [Recipient's Title]
Date: [Date]
