Professional Settlement Agreement Letter
[YOUR NAME]
[YOUR EMAIL]
October 3, 2050
Salvador Green
Scottsdale, AZ 85250
Dear Salvador Green,
Re: Settlement Agreement for Personal Injury Claim
This letter serves as a formal agreement regarding the settlement of the personal injury claim between [YOUR NAME], hereinafter referred to as "Claimant," and Salvador Green, hereinafter referred to as "Defendant." This agreement is made effective as of October 3, 2050.
Background
On September 15, 2050, the Claimant sustained injuries as a result of an accident involving the Defendant, which occurred at 5th Avenue and Main Street. Following the accident, the Claimant incurred medical expenses totaling $15,000 and experienced pain and suffering due to the injuries sustained.
Settlement Terms
In consideration of the mutual covenants and promises contained herein, the parties agree as follows:
Settlement Payment
The Defendant agrees to pay the Claimant a total amount of $20,000 as full and final settlement of all claims, demands, and causes of action arising out of the incident on September 15, 2050. This payment shall be made within 30 days from the date of this agreement.
Release of Claims
Upon receipt of the settlement payment, the Claimant agrees to release and forever discharge the Defendant from any and all claims, demands, actions, and causes of action arising from the accident that occurred on September 15, 2050.
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.
No Admission of Liability
This settlement is made solely for the purpose of avoiding the further costs and expenses associated with litigation. The Defendant denies any wrongdoing and does not admit liability for the accident.
Governing Law
This agreement shall be governed by and construed in accordance with the laws of the State of Illinois.
Entire Agreement
This letter constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements or understandings, whether written or oral.
Please indicate your acceptance of the terms of this settlement by signing below and returning a copy of this letter to the undersigned.
Sincerely,
[YOUR NAME]
Acceptance of Settlement Terms
I, Salvador Green, hereby accept the terms outlined in this Settlement Agreement and agree to the conditions set forth herein.
Salvador Green
October 3, 2050
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