Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / settlement-counteroffer-letter.docx
settlement-counteroffer-letter.docx
Parties
HARKNESS LLP
Vantage Mobility Systems Corp
Lowell LLP
Dates
July 22, 2022
July 8, 2022
March 15, 2020
March 14, 2025
March 11, 2022
March 25, 2022
April 22, 2022
December 6, 2021
January 27, 2022
January 18, 2022
Amounts
$78.50
$412.30
$218.00
$67.80
$48.00
$2.4
$4,870,550.20
$869,128.40
$1,583,654.60
$567,072.00
Obligations
4(b) of the LTSA requires that, following issuance of a warranty chargeback notice, Meridian shall make returned parts available to Vantage for inspection within thirty (30) days
Payment shall be made within thirty (30) business days of the execution of a definitive settlement agreement and mutual release by authorized representatives of both parties
The settlement payment shall be characterized as a one-time quality accommodation, with no admission of liability, fault, or deficiency by either party
Neither the payment nor any term of the settlement agreement shall be construed or deemed an admission by Vantage that any of its valve body housings were defective, non-conforming, or the cause of any field failure
00 settlement amount, Meridian shall reverse all withheld chargeback amounts, reflecting the full $4,870,550
The reversal shall be net of the $1,750,000