When it comes to making agreements, the most common practice is to create a formal written document that outlines the terms and conditions of the agreement. However, for more informal agreements, an informal letter of agreement can be sufficient.
An informal letter of agreement is a simple document that outlines the terms of an agreement between two parties. It is typically used for agreements that are not legally binding but are still important enough to have written documentation. This type of agreement is ideal for situations such as partnerships between businesses or between friends.
Here is an example of an informal letter of agreement:
[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]
[Recipient`s Name]
[Recipient`s Address]
[City, State ZIP Code]
Dear [Recipient`s Name],
I am writing to confirm our agreement regarding [brief description of the agreement]. The purpose of this letter is to outline the key terms of our informal agreement.
[Description of the Agreement]
We both agree to [briefly mention the terms and conditions]. This informal agreement is binding and is intended to create a strong working relationship between us.
[Other Details]
Here are a few additional details that we have agreed to:
– [List the additional details]
[Conclusion]
This informal letter of agreement serves as a record of our agreement and outlines the key terms and conditions. If you have any questions or concerns, please do not hesitate to reach out to me.
Sincerely,
[Your Name]
When drafting an informal letter of agreement, it is important to keep it simple and straightforward. Make sure to include all relevant details and clearly define the terms and conditions of the agreement. It is also important to clearly state that the informal agreement is binding and intended to create a strong working relationship.
In conclusion, an informal letter of agreement is a useful tool for making agreements that may not require a formal, legally binding document. By following the example above and keeping the document simple and clear, you can create an effective informal letter of agreement that outlines the terms and conditions of your agreement.
