Queens New York Sample Letter for Agreement — Letter of Understanding Regarding Terms of Proposed Contract [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Letter of Understanding Regarding Terms of Proposed Contract Dear [Recipient's Name], I hope this letter finds you well. I am writing to formalize our agreement regarding the terms of the proposed contract for [Project/Service/Job] in Queens, New York. The purpose of this letter is to outline the understanding reached between [Your Company/Business/Organization] and [Recipient's Company/Business/Organization] regarding the essential provisions of the contract. We have carefully reviewed the proposed terms of the contract and are pleased to confirm our agreement on the following terms: 1. Scope of Work: The contract will encompass [Describe the detailed scope of work, including the responsibilities, deliverables, and milestones to be achieved.] 2. Duration: The contract will commence on [Start Date] and conclude on [End Date]. The duration of the contract is estimated to be [Provide the estimated duration of the project]. 3. Payment Terms: The agreed-upon compensation for the services rendered will be outlined as follows: [Specify the payment structure, whether it is a fixed amount or based on milestones, and the frequency of payments]. 4. Intellectual Property: All intellectual property rights arising from the project will be [Specify whether retained by the client, shared, or transferred to a joint entity, if applicable]. 5. Confidentiality: Both parties acknowledge the confidential nature of the project information and commit to maintaining its confidentiality during and after the project, as per the agreed-upon non-disclosure agreement. 6. Termination: In the event of a breach of contract or the occurrence of unforeseen circumstances, both parties reserve the right to terminate the agreement with written notice within [Specify the notice period]. 7. Governing Law and Jurisdiction: This agreement shall be governed by and construed in accordance with the laws of the state of New York. In case of any legal disputes arising from this contract, both parties agree to submit to the exclusive jurisdiction of the courts located in Queens County, New York. Please review the above terms and conditions carefully to ensure they accurately reflect our mutual understanding. If you agree with the aforementioned provisions, kindly indicate your acceptance by signing and returning a copy of this letter by [Specify Deadline]. We appreciate the opportunity to collaborate with you on this project, and we are confident that our partnership will yield successful results. Should you have any questions or require further clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Thank you for your attention to this matter. We look forward to commencing this project and working closely with you to achieve our shared goals. Yours sincerely, [Your Name] [Your Title/Position] [Your Company/Business/Organization] Enclosure: Signed copy of this Letter of Understanding.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.