Letter of Agreement
Letter of Agreement
Letter of Agreement
_____________________________
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________________________, ________________________ ________________________
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________________________
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________________________, ________________________ ________________________
Dear ________________________:
The following instrument shall summarize the Agreement in accordance with our previous
discussions held on ________________________. This Agreement was preceded through prior
negotiations which took place by ________________________.
As per our conversation, the mutually agreed upon terms are as follows:
TOPIC OF AGREEMENT
________________________ and ________________________ are in agreement to the
following with regards to:
________________________
________________________
TERMS OF AGREEMENT
The aforementioned Agreement will become effective on ________________________, and
shall remain in effect until ________________________. The aforementioned Agreement shall
remain in effect until such time of the expiration date or agreed upon termination, unless
otherwise agreed upon by mutual agreement in writing by both parties.
NOTICE
Both parties hereby acknowledge and agree that any notices provided in connection with this
Agreement, shall be made in writing by registered or certified mail, with return receipt requested.
ENTIREITY OF AGREEMENT
There are no other representations, terms, conditions, warranties, or agreements, either oral or
written, with respect to this Letter of Agreement made between both parties. As such, no changes
shall be made except in writing, and thus executed by both parties.
PREVAILING LAW
The entirety of this Letter of Agreement shall be governed in accordance with the prevailing
laws of the State of ________________________. Every aspect and provision of this Agreement
shall be construed in such a manner that shall render this an effective and valid legal instrument
under current applicable law. Should any part of this Agreement be deemed ineffective or
unenforceable under applicable, only that specific provision shall be invalid and unenforceable,
without affecting or invalidating any of the remaining provisions contained within this Letter of
Agreement.
LEGAL REMEDIES
Should either party seek legal remedy to enforce or interpret any of the provisions contained with
this Letter of Agreement, the prevailing party shall be entitled to reasonable attorney fees, in
conjunction with any other relief deemed appropriate by the court to which the party may be
entitled.
TERMINATION
Both parties shall have the right, at any time, provided written notice is given, to terminate this
Letter of Agreement, whereas all rights shall immediately return to the originator of said Letter
of Agreement without prejudice to money that may be due or become due upon the occurrence of
any of the following:
(a) Any violation of the terms of this Letter of Agreement, by either party;
(b) Death or disability of either party during the term of this Agreement, or;
(c) Either parties' inability to perform in accordance with this Letter of Agreement.
________________________
(Company Name – Originator)
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(Signature of Duly Authorized Representative)
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________________________, ________________________ ________________________
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________________________, ________________________ ________________________