Subject: Travis Texas Sample Letter for Agreement — Letter of Understanding Regarding Terms of Proposed Contract Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. We are writing to formally express our understanding and agreement regarding the terms proposed in the contract for [Company/Organization Name] and [Recipient's Company/Organization Name]. This letter aims to outline the specific details and commitments agreed upon. Upon thorough review and discussion, both parties have come to a mutual understanding with respect to the terms outlined in the proposed contract. The purpose of this letter is to document our agreement and ensure clarity and transparency in our future collaboration. The following key points represent our shared understanding: 1. Parties Involved: The agreement is between [Company/Organization Name], located at [Address], represented by [Name and Position], referred to as "Provider," and [Recipient's Company/Organization Name], located at [Address], represented by [Name and Position], referred to as "Recipient." 2. Scope of Work: The contract outlines the scope of work and the specific services or products to be provided by the Provider to the Recipient. Both parties agree on the deliverables, timelines, milestones, and quality standards. 3. Payment and Compensation: This section addresses the payment terms, including the agreed-upon financial compensation, payment schedule, and any additional fees or expenses involved. Both parties have reviewed and accepted these terms, ensuring a fair and transparent financial arrangement. 4. Confidentiality and Non-Disclosure: The parties recognize the importance of keeping confidential information secure and mutually agree to maintain strict confidentiality during the term of the agreement. This clause ensures that sensitive data, trade secrets, or proprietary information is protected from unauthorized disclosure or use. 5. Term and Termination: The agreement specifies the term or duration for which the contract will remain in effect, including any probationary period if applicable. It also outlines the conditions under which either party may terminate the agreement, ensuring fair notice and any necessary procedures to be followed. 6. Dispute Resolution: In case of any disputes or disagreements between the parties, this section outlines the recommended process for resolving such matters. It may involve negotiation, mediation, or any other agreed-upon mechanism to avoid litigation and maintain a positive and constructive business relationship. 7. Governing Law and Jurisdiction: Both parties agree that this agreement and any related disputes will be governed by the laws of the State of Texas, specifically Travis County. Any legal proceedings will take place within the jurisdiction of the Travis Texas courts. Please note that this letter serves as an understanding of our intentions and does not replace or modify the proposed contract document. It is intended to supplement the contract by clearly outlining key terms and ensuring both parties are on the same page. We kindly request your review and confirmation of this understanding. If there are any discrepancies or modifications required, I encourage you to provide your feedback within [specified time] to avoid any delays in formalizing the contract. Thank you for your prompt attention to this matter. We look forward to continued growth and success through our collaboration. Yours sincerely, [Your Name] [Your Position] [Company/Organization Name]
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.