Free letter of understanding template
A letter of understanding helps clarify the terms of an agreement between two parties, outlining expectations and mutual responsibilities. Below is a template you can use to create a clear and concise understanding between involved parties.
Template for Letter of Understanding
Use the structure below to draft your letter. Modify it based on your specific needs and ensure all key points are addressed.
Letter of Understanding
Date: [Insert Date]
To: [Recipient Name]
[Recipient Address]
[City, State, ZIP Code]
From: [Your Name]
[Your Address]
[City, State, ZIP Code]
Introduction
This letter confirms our understanding regarding [subject of the agreement]. Both parties acknowledge the terms below and agree to abide by them. The details outlined in this document are based on mutual consent and trust.
Terms of Agreement
- Term 1: [Description of the first term or responsibility]
- Term 2: [Description of the second term or responsibility]
- Term 3: [Description of the third term or responsibility]
- Duration: [Insert duration or time frame for agreement]
Signatures
Both parties affirm that the terms stated above are correct and agreed upon:
- Signature of Party 1: ___________________________
Date: [Insert Date] - Signature of Party 2: ___________________________
Date: [Insert Date]
This template helps ensure both parties are on the same page and can avoid confusion. Adjust the details to fit your unique situation and keep the document straightforward. Be sure both parties review and sign before proceeding.
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