DISPUTED ACCOUNT SETTLEMENT
THIS DEED IS MADE the [Enter Date] day of [Enter Month] year [Enter Year] BETWEEN: (1) [Enter Creditor's Name] (the ‘Creditor’); and (2) [Enter Debtor's Name] (the ‘Debtor’). WHEREAS: (A) The Creditor asserts a claim (the ‘Claim’) against the Debtor in the amount of £[Enter Amount] arising from the following transaction: [Enter Transaction Details] (B) The Debtor disputes the Claim, and denies the said debt is due. (C) The parties desire to resolve and forever settle and adjust the Claim. NOW IT IS HEREBY AGREED as follows: 1. The Debtor agrees to pay the Creditor and the Creditor agrees to accept from the Debtor the sum of [Enter Amount in Words] Pounds (£[Enter Amount in Numbers] ) in full payment, settlement, satisfaction, discharge and release of the Claim and in release of any further claims thereto. 2. This agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns. IN WITNESS OF WHICH the parties have executed this deed the day and year first above written (Individual) ____________________________________ Signed by the Creditor ____________________________________ in the presence of (witness) Name Address ___________________________ ___________________________ ___________________________ ___________________________ Occupation ___________________________ ____________________________________ Signed for and on behalf of [Enter Company Name] Ltd Director Director/Secretary ___________________________ ___________________________ (Company) ____________________________________ Signed for and on behalf of [Enter Company Name] Ltd
____________________________________ Signed by the Debtor ____________________________________ in the presence of (witness) Name Address ___________________________ ___________________________ ___________________________ ___________________________ Occupation ___________________________
Director Director/Secretary
___________________________ ___________________________