Legal agreement between two parties - solicitors letter

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Neville Jordan J.Giselle B.Vasileios T.Richard H. have already sent a proposal.
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Experience Level: Intermediate
General information for the business: Agreement between two parties to settle dispute
Industry: Legal
Legal topic: Debt
Description of legal work: We require a solicitors letter to agree heads for monies being paid to myself/our business.

a previous member of staff stole hardware from our business over time totaling an estimated £42,500.

we have an agreement that if this is paid back we will close the matter and not pursue further. Conditions are no engagement within our sector (telecoms) for job or engage in any direct relationships with current B2B relationships we have (not sure how strong this can be enforced if took to court).

On payment we agree to close the matter and give a reference for work.

This needs to be on solicitors letter head.
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