Are you in need of an Accord And Satisfaction Letter Sample? Look no further! Below you will find an example of an Accord And Satisfaction Letter Sample that you can use as a template. Feel free to modify it to suit your specific needs.
Explanation of Accord And Satisfaction Letter Sample
Accord And Satisfaction Letters are used to settle disputes between parties. These letters outline the terms of an agreement reached between two parties to resolve a disagreement. The letter serves as evidence of the agreement and can help prevent future disputes.
- Accord And Satisfaction Letters provide a clear record of the terms agreed upon by both parties.
- They help to formalize the resolution of a dispute and prevent misunderstandings in the future.
- These letters can be used in legal proceedings as evidence of the agreement reached between the parties.
Accord And Satisfaction Letter Sample
Dear [Recipient’s Name],
I am writing to confirm our recent discussion regarding the outstanding payment for the services rendered by our company. After much deliberation, we have agreed to settle the matter through an accord and satisfaction.
Per our agreement, the total outstanding amount of $500 will be considered satisfied in full upon receipt of a payment of $400 within the next 14 days. Once the payment is received, we will consider this matter closed and will not pursue any further action.
Please confirm your acceptance of these terms by signing and returning a copy of this letter to us. Should you have any questions or concerns, please do not hesitate to contact me at your earliest convenience.
Sincerely,
John Doe
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