Settlement Offer on Disputed Account

I. Introduction

This Settlement Offer on Disputed Account ("Offer") is made and presented on [DATE] by [CREDITOR'S FULL NAME], hereinafter referred to as the "Creditor," to [DEBTOR'S FULL NAME], hereinafter referred to as the "Debtor," regarding the disputed account referenced as [Account Number or Description].

II. Background

The parties are engaged in a dispute regarding the outstanding balance on the account mentioned above. The Creditor asserts that the Debtor owes a certain amount, while the Debtor disputes the accuracy or validity of the claimed balance. The parties seek to resolve this dispute amicably through this settlement offer.

III. Settlement Offer

1. Offered Settlement Amount:

   • The Creditor offers to settle the disputed account for the sum of $[OFFERED AMOUNT]. This amount represents a compromise and settlement of all claims, debts, and obligations related to the disputed account.

2. Payment Terms:

   • The Debtor shall remit the settlement amount of $[OFFERED AMOUNT] in full within [NUMBER] days of the acceptance of this Offer. Payment shall be made in the form of [Accepted Payment Method]. The payment should be sent to the following address: [Creditor's Address].

3. Account Resolution:

   • Upon receipt and clearance of the settlement payment, the Creditor agrees to mark the disputed account as "settled in full" and cease any further collection efforts related to the disputed balance.

IV. Acceptance of Offer

The Debtor may accept this Offer by signing and returning a copy of this document to the Creditor within [NUMBER] days of receipt. Acceptance of the Offer constitutes a binding agreement between the parties.

V. Expiration of Offer

This Offer shall expire if not accepted by the Debtor within [NUMBER] days of the date of this Offer.

VI. Governing Law

This Offer shall be governed by and construed in accordance with the laws of the state of [STATE]. Any disputes arising out of or in connection with this Offer shall be resolved exclusively by the courts of [Jurisdiction].

VII. Entire Agreement

This Offer constitutes the entire understanding between the parties concerning the settlement of the disputed account and supersedes all prior negotiations, agreements, and understandings, whether written or oral, relating to the subject matter hereof.

CREDITOR'S NAME:

Printed Name: _______________________

Date:[DATE]

DEBTOR'S NAME:

Printed Name: _______________________

Date:[DATE]

Settlement Templates @ Template.net