How to write a Settlement Agreement Letter.

Hello world, I am happy to meet with you. Today I am going to share how to write a Settlement Agreement Letter, Let's start.
Date: 13/11/2018
From, X Ali,
Manager
ABL Bank, Bangladesh

To,
Creditor: Mr.Kuddus Bepari
Debtor: Mr.Mofiz Bepari

Subject: Settlement Agreement Letter.

Parties to the agreement:
Creditor: Mr.Kuddus Bepari and Debtor: Mr.Mofiz Bepari.
The final settlement agreement letter includes the reason of coming to a peaceful mutual settlement and that both parties should agree to all the terms and conditions and legal implications and clauses of the agreement between the Kuddus Bepari and Debtor: Mr.Mofiz Bepari.
The original amount due to be paid by the debtor is 25000, Which has not been paid for 48 months that was due on 1.1.2017.
In light of the financial hardship faced by the debtor and as mutually agreed now, the creditor accepts a total of 20000 as the amount of full and final settlement of the debt.

However, the debtor must make the total payment by 1.6.2017 as the date of final payment. Failure to making the payment on the scheduled date will result in the cancellation of the agreement, and this will make the creditor claim the entire payment. (Any other terms here).

Signatures
ABL Bank, Bangladesh
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