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1. Sender's Details: Full name, address, and contact information of the party offering the settlement
2. Date: Date of the letter
3. Recipient's Details: Full name, address, and contact information of the party receiving the settlement
4. Subject Line: Clear reference to the incident and settlement purpose
5. Incident Description: Detailed description of the incident including date, location, and circumstances
6. Damage Description: Comprehensive list and description of damages incurred
7. Settlement Amount: Clear statement of the settlement amount being offered
8. Payment Terms: Specifics of how and when payment will be made
9. Release Clause: Statement releasing the paying party from further liability
10. Confidentiality Statement: Terms regarding the confidentiality of the settlement
11. Closing and Signature: Formal closing, signature lines for both parties
1. Insurance Details: Include when insurance companies are involved in the settlement
2. Third Party Rights: Include when other parties might have rights or claims related to the incident
3. Non-Admission of Liability: Optional clause stating that the settlement does not constitute admission of fault
4. Partial Payment Terms: Include when settlement will be paid in installments
5. Tax Implications: Include when settlement amount has significant tax implications
6. Governing Law Statement: Include when parties are from different jurisdictions within Nigeria
1. Schedule A - Damage Documentation: Photographs, repair estimates, or receipts documenting the damages
2. Schedule B - Incident Report: Official reports related to the incident (police reports, accident reports, etc.)
3. Schedule C - Medical Records: If applicable, medical reports or bills related to injuries
4. Schedule D - Payment Schedule: If applicable, detailed schedule of installment payments
5. Schedule E - Witness Statements: If applicable, statements from witnesses to the incident
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