Cuyahoga Ohio Sample Letter for Agreement - Letter of Understanding Regarding Terms of Proposed Contract

• Category: Letters - Nonlegal - Agreements
• State: Multi-State
• County: Cuyahoga
• 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. Sample Letter for Agreement — Letter of Understanding Regarding Terms of Proposed Contract [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], Re: Agreement — Letter of Understanding Regarding Terms of Proposed Contract I am writing to you in order to express my understanding and agreement with regard to the terms discussed for the proposed contract between [Your Company Name] and [Recipient's Company Name]. After several meetings and negotiations, it is with great pleasure that we have reached a consensus on the following key terms: 1. Scope of Work: The contract will encompass [provide a brief description of the specific scope of work]. 2. Duration: The contract will be valid for a period of [specify duration], commencing from the effective date as mutually agreed upon. 3. Deliverables: [Specify the expected deliverables, including any milestones, reports, or outputs expected under the contract]. 4. Payment Terms: The agreed-upon compensation for the services rendered will be [mention the payment terms, such as fixed price, hourly rate, or any specific payment milestones]. Payment shall be made by [Your Company Name] within [number of days, e.g., 30 days] of receiving a detailed invoice from [Recipient's Company Name]. 5. Confidentiality: Both parties acknowledge and agree to maintain the strictest confidentiality of any proprietary or sensitive information shared during the course of this contract. This obligation will extend beyond the termination of the contract. 6. Termination: The contract may be terminated by either party upon [provide conditions for termination, such as breach of contract, non-performance, or by mutual agreement]. In the event of termination, both parties will abide by the terms outlined in the contract regarding outstanding payments, intellectual property rights, and confidentiality. 7. Governing Law: This agreement will be governed and construed in accordance with the laws of the State of Ohio, specifically in Cuyahoga County. 8. Entire Agreement: This Letter of Understanding, along with any additional exhibits or attachments, constitutes the entire agreement between [Your Company Name] and [Recipient's Company Name] and supersedes any prior discussions, agreements, or understandings, whether written or oral. Please signify your acceptance and agreement to these terms by signing and dating a copy of this letter and returning it to us at your earliest convenience. The signed copy will be considered a binding contract between our two organizations. We look forward to commencing our partnership under these mutually agreed-upon terms. Should you have any questions or require further clarification, please do not hesitate to contact me directly. Thank you for your attention to this matter, and we anticipate a prosperous collaboration. Yours sincerely, [Your Name] [Your Title] [Your Company Name]

Sample Letter for Agreement — Letter of Understanding Regarding Terms of Proposed Contract [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], Re: Agreement — Letter of Understanding Regarding Terms of Proposed Contract I am writing to you in order to express my understanding and agreement with regard to the terms discussed for the proposed contract between [Your Company Name] and [Recipient's Company Name]. After several meetings and negotiations, it is with great pleasure that we have reached a consensus on the following key terms: 1. Scope of Work: The contract will encompass [provide a brief description of the specific scope of work]. 2. Duration: The contract will be valid for a period of [specify duration], commencing from the effective date as mutually agreed upon. 3. Deliverables: [Specify the expected deliverables, including any milestones, reports, or outputs expected under the contract]. 4. Payment Terms: The agreed-upon compensation for the services rendered will be [mention the payment terms, such as fixed price, hourly rate, or any specific payment milestones]. Payment shall be made by [Your Company Name] within [number of days, e.g., 30 days] of receiving a detailed invoice from [Recipient's Company Name]. 5. Confidentiality: Both parties acknowledge and agree to maintain the strictest confidentiality of any proprietary or sensitive information shared during the course of this contract. This obligation will extend beyond the termination of the contract. 6. Termination: The contract may be terminated by either party upon [provide conditions for termination, such as breach of contract, non-performance, or by mutual agreement]. In the event of termination, both parties will abide by the terms outlined in the contract regarding outstanding payments, intellectual property rights, and confidentiality. 7. Governing Law: This agreement will be governed and construed in accordance with the laws of the State of Ohio, specifically in Cuyahoga County. 8. Entire Agreement: This Letter of Understanding, along with any additional exhibits or attachments, constitutes the entire agreement between [Your Company Name] and [Recipient's Company Name] and supersedes any prior discussions, agreements, or understandings, whether written or oral. Please signify your acceptance and agreement to these terms by signing and dating a copy of this letter and returning it to us at your earliest convenience. The signed copy will be considered a binding contract between our two organizations. We look forward to commencing our partnership under these mutually agreed-upon terms. Should you have any questions or require further clarification, please do not hesitate to contact me directly. Thank you for your attention to this matter, and we anticipate a prosperous collaboration. Yours sincerely, [Your Name] [Your Title] [Your Company Name]