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What is a Letter of Agreement?

A letter of agreement is a formal written document that outlines the terms and conditions of a business arrangement or contract between two or more parties. It serves as a written record of the agreement reached between the parties and helps ensure that all parties are clear on the terms the arrangement.

The contents of a letter of agreement typically include details such as the scope of work or services to be provided, responsibilities of each party, payment terms, deadlines, and any other relevant terms and conditions. By documenting these details in writing, a letter of agreement helps prevent misunderstandings and disputes that may arise in the future.

Letters of agreement are commonly used in various business transactions, such as partnerships, collaborations, services agreements, and more. They are often used when a full contract is not necessary or practical, but a written record of the agreement is still needed for clarity and legal purposes.

Overall, a letter of agreement is a valuable tool for formalizing business arrangements and ensuring that all parties are in agreement on the terms of the agreement. It helps protect the interests of all parties involved and provides a solid foundation for a successful business relationship.

A Free Letter of Agreement

You can find more free letters of agreement in our high quality business letter making software, Business Letter Professional.


Confidential Information Agreement

In consideration of being employed by_ (Company), theundersigned hereby agrees and acknowledges:

1. That during the course of my employ there may bedisclosed to me certain trade secrets of the Company;said trade secrets consisting of:

a) Technical information: Methods, processes, formulae,compositions, inventions, machines, computerprograms and research projects.

b) Business information: Customer lists; pricing data;sources of supply; and marketing, production, ormerchandising systems or plans.

2. I shall not during, or at any time after thetermination of my employment with the Company, use formyself or others, or disclose or divulge to others anytrade secrets, confidential information, or any otherdata of the Company in violation of this agreement.

3. That upon the termination of my employ from the Company:

a) I shall return to the Company all documentsrelating to the company, including but notnecessarily limited to: drawings, blueprints,reports, manuals, correspondence, customer lists,computer programs, and all other materialsand all copies thereof relating in any way to theCompany's business, or in any way obtained by meduring the course of my employ. I further agreethat I shall not retain any copies of the foregoing.

b) The Company may notify any future or prospectiveemployer of the existence of this agreement.

c) This agreement shall be binding upon me and mypersonal representatives and successors ininterest, and shall inure to the benefit of theCompany, its successors and assigns.

d) The unenforceability of any provision to thisagreement shall not impair or affect any otherprovision.

e) In the event of any breach of this agreement, theCompany shall have full rights to injunctiverelief, in addition to any other existing rights,without requirement of posting bond.

Dated: _______________________________


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