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March 11, 2014


Contact Name
Address
Address2  
City, State/Province
Zip/Postal Code



OBJECT: LETTER OF UNDERSTANDING REGARDING TERMS OF PROPOSED CONTRACT


Dear [CONTACT NAME],

This will confirm that which we discussed during our telephone conversation [EARLIER TODAY or SPECIFY WHEN].

It is agreed that your firm, [NAME OF FIRM], will provide [SPECIFY] for the [NAME OF PROJECT] while we will provide [SPECIFY], according to your specifications, and all funds necessary, up to [AMOUNT].
 
If this meets with your understanding of our conversation, please sign a copy of this letter and return it to my office. Upon our receipt of this verified letter, we will forward it to our attorneys for final contract drafting and revisions.

It was a pleasure speaking with you and I hope to join you soon for a toast to our mutual success in the [PROJECT].


Sincerely,




[YOUR NAME]
[YOUR TITLE]
[YOUR PHONE NUMBER]
[YOUREMAIL@YOURCOMPANY.COM] 



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