Letter of Understanding Regarding Terms of Proposed Contract

Letter of Understanding Regarding Terms of Proposed Contract

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Ensure that there is an understanding of the proposed contract between parties by writing this Letter of Understanding Regarding Terms of Proposed Contract template. If you’re afraid you might miss out on some important details, don’t be reluctant to use our exclusive template, thanks to our experts. It's easy to edit and customize due to its compatibility with various editing programs. You can even access it on nearly all of your devices. Such a high standard and important business template should not be missed out. Don’t pass up this amazing opportunity and experience convenience now by downloading this versatile letter of understanding template today!

LETTER OF UNDERSTANDING REGARDING TERMS OF PROPOSED CONTRACT

[DATE]

Dear [RECIPIENT NAME],

Greetings!

This letter shall serve as a confirmation to what we have tackled during our [DETAILS] last [DATE 1].

We have agreed that your company, [COMPANY NAME], shall be responsible in rendering [TYPE] services for the project we have discussed, namely, [PROJECT NAME]. In line with this matter, we at [YOUR COMPANY NAME] shall provide [TYPE 1] services pursuant to the specifications you give us and all the funds necessary for the project amounting to $ [NUMBER].

If you adhere to and agree that the contents of this letter is also what you have understood in our prior conversation, then please affix your signature on a copy of this letter and return it to my office. When we receive such a letter with your signature of consent, we shall forward this letter to our legal counsel’s office for the final drafting of the contract and the application of necessary revisions.

It is a pleasure to speak with you. We hope to join you soon for a toast to our mutual strive for success for the [PROJECT NAME].

Regards,

[YOUR SIGNATURE]

[YOUR NAME]

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