Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to formally confirm the oral agreement that was recently made between us. The purpose of this letter is to ensure that both parties have a clear understanding of the terms and conditions discussed during our conversation. This confirmation letter serves as a legally binding document to acknowledge the agreement reached on [Date]. The agreement is regarding [Briefly explain the nature of the agreement]. It is essential for both parties to fully comprehend the expectations, rights, and responsibilities associated with this agreement. In accordance with our discussion, the terms of the oral agreement are as follows: 1. Parties Involved: This agreement is made between [Your Name/Company] (referred to as "Provider") and [Recipient's Name/Company] (referred to as "Recipient"). 2. Date and Place of Agreement: The oral agreement took place on [Date], at [Location]. 3. Agreement Details: [Provide a detailed description of the agreed-upon terms, including the scope of services to be provided, deadlines, payment terms, and any other crucial aspects discussed]. 4. Obligations and Responsibilities: Both parties shall fulfill their respective obligations as outlined in the agreement. It is imperative to mention any specific duties or actions that each party is responsible for carrying out. 5. Payment Terms and Conditions: Specify the agreed-upon payment structure, including the amount, frequency, and method of payment. If there are any penalties or late payment charges, these should also be mentioned. 6. Confidentiality and Non-Disclosure: If applicable, include a clause addressing the protection of confidential information or trade secrets. 7. Duration and Termination: Determine the duration of the agreement and mention any provisions for early termination or extension. 8. Dispute Resolution: State the preferred method for resolving any potential disputes that may arise, such as mediation or arbitration. Please note that this letter serves solely for confirmation purposes. However, if any misunderstandings or discrepancies occur, it is essential to address them promptly. Should you agree with the terms and conditions mentioned above, please sign and return a copy of this letter to indicate your acceptance. If there are any changes or additions required, please inform me within [number of days] so that we can discuss and make the necessary amendments. Thank you for your prompt attention to this matter. I highly value our business relationship and look forward to working with you in the future. Should you have any queries or concerns, please do not hesitate to contact me directly. Warm regards, [Your Name] [Your Company Name] [Your Contact Information] [Attachments: Copy of the oral agreement (if applicable)]
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.