Settlement of Disputed Account

[LETTERHEAD]

[DATE]

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Dear ____________:

As we have discussed, this letter will reduce to writing our prior oral agreement to settle our account with you. To reiterate our discussion, we disagree over the amount due us; however, to promote goodwill between us, we are prepared to settle matters regarding your current account with us.

You have agreed to pay us $_____________ on or before ________________, 20__. Once you have fully timely paid this amount, we will have agreed to waive our claims against you under invoice #_________________ for $_____________________ owed to us. Failure to timely pay will accrue interest at the rate of 12% per month. Your failure to pay will also allow us to recoup all attorney's fees incurred by us in connection with this matter.

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