Settlement Offer Letter

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Select the option that best describes the party that is initiating this settlement. Note that this party wants amicable and out of court settlement with the other party with whom they have a dispute. With this letter, the sender is proposing the terms of the settlement, which may be accepted, rejected, or modified.

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Dear Sir/Madam,

RE: ________, suit no: ________
________, ________,

I refer to the above claim you filed against on ________ regarding the following matter:

________

I am writing this letter as an initial offer to reach an amicable settlement with you in respect of our pending court case. In an attempt to settle this dispute, I propose the following settlement terms:

1. Payment of the sum of ₦________ (________) as full and final settlement for all claims and disputes related to this matter.

2. A complete discharge, waiver, and release of all current and future (whether foreseeable or not) claims, liability, fee, charges, damages, or costs of whatever nature arising from the above matter or case. This waiver and release shall apply to me, my heirs, legal representatives, administrators, executors.

3. 8 8825555858 525 588288858 22 252 2225822 8582 22222525 8825 528522228 28825 82 8222282822 8825 2588 8582 2522 252 82552 85252 82 88 28825.

Please note that this letter does not constitute a binding agreement as it is an initial offer or proposal for settlement of claims, and it is subject to negotiation and further deliberations.

If you would like to schedule a meeting to discuss this matter further, please contact me on phone- ________ and email- ________. However, if you agree to the above terms, please send a written confirmation of your acceptance and then a formal Settlement Agreement will be drawn up.

Thank you for your cooperation. I look forward to hearing from you.


Yours faithfully,






_____________________
________

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________
________

________


________
________


Dear Sir/Madam,

RE: ________, suit no: ________
________, ________,

I refer to the above claim you filed against on ________ regarding the following matter:

________

I am writing this letter as an initial offer to reach an amicable settlement with you in respect of our pending court case. In an attempt to settle this dispute, I propose the following settlement terms:

1. Payment of the sum of ₦________ (________) as full and final settlement for all claims and disputes related to this matter.

2. A complete discharge, waiver, and release of all current and future (whether foreseeable or not) claims, liability, fee, charges, damages, or costs of whatever nature arising from the above matter or case. This waiver and release shall apply to me, my heirs, legal representatives, administrators, executors.

3. 8 8825555858 525 588288858 22 252 2225822 8582 22222525 8825 528522228 28825 82 8222282822 8825 2588 8582 2522 252 82552 85252 82 88 28825.

Please note that this letter does not constitute a binding agreement as it is an initial offer or proposal for settlement of claims, and it is subject to negotiation and further deliberations.

If you would like to schedule a meeting to discuss this matter further, please contact me on phone- ________ and email- ________. However, if you agree to the above terms, please send a written confirmation of your acceptance and then a formal Settlement Agreement will be drawn up.

Thank you for your cooperation. I look forward to hearing from you.


Yours faithfully,






_____________________
________

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