Easy to Use Legal Templates

Quickly and easily create any legal agreement for you or your team.

Affordable Plans

Straightforward pricing plans and bespoke packages built to simplify all your legal demands.

Vast Document Library

Zegal’s comprehensive collection of agreements means you always have what you need at your fingertips.

How to create a Settlement Offer on Disputed Amount

Create a Zegal Account
Choose your Zegal Plan
Access 2000+ Legal Templates

What is a Settlement Offer on Disputed Amount Template?

The Settlement Offer on Disputed Amount is a letter that acknowledges a compromise to end a dispute through issuing a settlement offer.

Create Now

Why choose Zegal?

With Zegal, you can reduce legal risks and improve the efficiency of your contract workflow, allowing you to focus on your core business operations.

Our platform is flexible, scalable, and tailored to the needs of your business.

What is a Settlement Offer on Disputed Amount?

Essentially, settlements can be made by either party by putting an end to a dispute by issuing a settlement offer. Typically, you can do this through prior settlement negotiations by the parties in good faith. Also, without prejudice to come to a conclusive settlement amount that one party owes another party. Importantly, these communications between parties are without prejudice in the sense that the information in these communications cannot be used as evidence by another party against them.

Subsequently, the terms of settlement negotiations can then be formalised into a letter sent by the party paying the amount. Typically, this expresses their proposal of compromise to pay the settled amount. Notably, this agreement is an important letter to establish as early as possible. Because it both acknowledges a compromise between the parties’ proposed amounts. Additionally, it legally binds both parties to a settled amount, should they both agree to it. Thus, avoiding one party from dishonouring the agreement.  

Key points included on Settlement Offer on Disputed Amount

  • Firstly, ensure that there is a certainty in relation to the terms set out in payment. Essentially, if the parties doesn’t deal with an issue in the dispute or something lacks clarity, then the contract may be difficult to legally enforce.
  • Secondly, it must be clear that the parties intend to achieve a final and binding settlement of their dispute.
  • Thirdly, the settlement offer must entail valid reasons for disputing the original debt proposed by the party requesting an amount of money

You Might Also Like

Along with this document, make sure you see these other templates in our library:

The Zegal template library

Zegal's legal template library is a list of essential business documents for your everyday needs.

Whether you're a startupSME, or a larger enterprise, Zegal contract management will automate and speed up your legal processes.

Using Zegal will reduce risk, save money, and improve efficiency. Let us take care of the paperwork so you can focus on running your business.

Nice things people say about Zegal.