Wyoming Sample Letter for Agreement - Letter of Understanding Regarding Terms of Proposed Contract

• Category: Letters - Nonlegal - Agreements
• State: Multi-State
• Control #: US-0050LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Wyoming Sample Letter for Agreement — Letter of Understanding Regarding Terms of Proposed Contract Date: [Insert Date] [Sender's Name] [Sender's Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Receiver's Name] [Receiver's Address] [City, State, ZIP Code] [Email Address] [Phone Number] Subject: Letter of Understanding Regarding Terms of Proposed Contract Dear [Receiver's Name], I hope this letter finds you well. As per our recent discussions regarding the proposed contract, I am presenting this letter of understanding establishing clarity and mutual agreement on the key terms and conditions. This letter outlines the agreement between [Sender's Name] and [Receiver's Name] (hereinafter referred to as "Parties"). 1. Scope of Work: The scope of work involves [Briefly describe the work/services to be provided]. 2. Payment and Costs: The payment structure for the contract involves [Specify the payment terms, rates, and any additional costs or expenses]. 3. Project Timeline: The project is expected to commence on [Start Date] and is estimated to be completed by [End Date]. However, either party may request an extension if circumstances warrant it. 4. Confidentiality: Both parties agree to maintain the confidentiality of any sensitive information exchanged during the contract period. 5. Termination: In the event of an unforeseen circumstance or breach of the agreement, either party shall have the right to terminate the contract by providing written notice within [Specify notice period]. 6. Governing Law and Jurisdiction: This agreement shall be governed by the laws of the State of Wyoming, and any disputes arising out of or in connection with this agreement shall be subject to the exclusive jurisdiction of the courts of Wyoming. Please note that this letter is not intended to replace the formal contract but serves as a written understanding of the proposed terms. It is subject to further negotiations, revisions, and finalization. This letter of understanding shall remain valid until a finalized contract is mutually agreed upon and signed by both parties. It extinguishes all previous negotiations and discussions that may have taken place. If you agree to the outlined terms, kindly sign a copy of this letter and return it to me by [Specify deadline]. Should you have any questions or require any clarifications, please do not hesitate to contact me by phone or email. Thank you for your attention to this matter. We look forward to working with you on this project. Yours sincerely, [Sender's Name] [Sender's Title/Position] [Company Name]

Wyoming Sample Letter for Agreement — Letter of Understanding Regarding Terms of Proposed Contract Date: [Insert Date] [Sender's Name] [Sender's Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Receiver's Name] [Receiver's Address] [City, State, ZIP Code] [Email Address] [Phone Number] Subject: Letter of Understanding Regarding Terms of Proposed Contract Dear [Receiver's Name], I hope this letter finds you well. As per our recent discussions regarding the proposed contract, I am presenting this letter of understanding establishing clarity and mutual agreement on the key terms and conditions. This letter outlines the agreement between [Sender's Name] and [Receiver's Name] (hereinafter referred to as "Parties"). 1. Scope of Work: The scope of work involves [Briefly describe the work/services to be provided]. 2. Payment and Costs: The payment structure for the contract involves [Specify the payment terms, rates, and any additional costs or expenses]. 3. Project Timeline: The project is expected to commence on [Start Date] and is estimated to be completed by [End Date]. However, either party may request an extension if circumstances warrant it. 4. Confidentiality: Both parties agree to maintain the confidentiality of any sensitive information exchanged during the contract period. 5. Termination: In the event of an unforeseen circumstance or breach of the agreement, either party shall have the right to terminate the contract by providing written notice within [Specify notice period]. 6. Governing Law and Jurisdiction: This agreement shall be governed by the laws of the State of Wyoming, and any disputes arising out of or in connection with this agreement shall be subject to the exclusive jurisdiction of the courts of Wyoming. Please note that this letter is not intended to replace the formal contract but serves as a written understanding of the proposed terms. It is subject to further negotiations, revisions, and finalization. This letter of understanding shall remain valid until a finalized contract is mutually agreed upon and signed by both parties. It extinguishes all previous negotiations and discussions that may have taken place. If you agree to the outlined terms, kindly sign a copy of this letter and return it to me by [Specify deadline]. Should you have any questions or require any clarifications, please do not hesitate to contact me by phone or email. Thank you for your attention to this matter. We look forward to working with you on this project. Yours sincerely, [Sender's Name] [Sender's Title/Position] [Company Name]