Virgin Islands Sample Letter for Confirmation of Oral Agreement

• Category: Letters - Nonlegal - Confirmation
• State: Multi-State
• Control #: US-0490LR
• Format: Word; Rich Text

Description

Sample Letter for Confirmation of Oral Agreement

Dear [Recipient's Name], RE: Confirmation of Oral Agreement I hope this letter finds you in good health and high spirits. The purpose of this correspondence is to formally confirm the details of our recent oral agreement regarding [specific subject/title of the agreement], as discussed on [date] between myself, [Your Name/Organization], and you, [Recipient's Name/Organization]. I want to express my gratitude for the insightful conversation we had, during which we arrived at a mutual understanding and agreement on the terms and conditions of our collaboration. To ensure clarity and transparency, as well as reaffirm our commitment to honoring this agreement, this letter aims to recapitulate the main points discussed. 1. Parties Involved: [Your Name/Organization]: [Briefly describe your identity or organization's background] [Recipient's Name/Organization]: [Provide a brief overview of the recipient's identity or organization] 2. Agreement Details: The oral agreement, outlined below, encompasses the following key components: 2.1 Scope of Agreement: [Explain the purpose and scope of the agreement, including any specific projects, services, or obligations it entails.] 2.2 Timeline and Duration: [Specify any timeframes, deadlines, or duration associated with the agreement, including start dates and projected completion or end dates.] 2.3 Compensation and Payment Terms: [Detail the agreed-upon compensation or remuneration for the services rendered, specifying payment frequency, mode, and any additional details related to financial matters.] 2.4 Obligations and Responsibilities: [Enumerate the respective obligations, roles, and responsibilities of each party involved, emphasizing any deliverables, standards, or expectations that were discussed.] 2.5 Confidentiality: [Highlight any confidentiality clauses or provisions that outline the obligations to protect sensitive information exchanged between the parties.] 3. Amendments and Termination: It is important to acknowledge that this confirmation letter serves as the primary source of reference for our agreement. Any amendments, modifications, or terminations must be made in writing and agreed upon by both parties. 4. Governing Law and Jurisdiction: This agreement shall be governed by and interpreted in accordance with the laws of the Virgin Islands [specify the relevant Virgin Islands jurisdiction]. Any disputes or legal actions arising from this agreement shall be exclusively subject to the jurisdiction of the relevant Virgin Islands courts. We kindly request that you sign and return a copy of this letter as your acceptance and acknowledgment of the agreement. Should you have any questions, concerns, or require additional clarification, please do not hesitate to reach out to us. Thank you for your prompt attention to this matter. We look forward to a successful and fruitful collaboration. Yours sincerely, [Your Name] [Your Position/Title] [Your Organization] [Contact Information: Phone, Email, Address] Keywords: Virgin Islands, sample letter, confirmation, oral agreement, agreement details, scope, timeline, duration, compensation, payment terms, obligations, responsibilities, confidentiality, amendment, termination, governing law, jurisdiction.