The Parties agree and acknowledge that time is of the essence with regard to the Settlement Payments. The letter should not be an attack on the at-fault party but the last. Payments shall be made according to the schedule attached hereto as Exhibit A (the “Settlement Payments”). Regardless of the extent of the dispute, you should remain polite throughout the letter. In consideration for this settlement and release, the Defendant agrees to pay the Plaintiff the amount of Dollars ($NUMBER) as full payment, subject to the terms and conditions of this Agreement. The Parties agree and acknowledge that A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MAY HAVE MATERIALLY AFFECTED HIS DECISION TO SETTLE. ![]()
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