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.

Consignment Agreement

This agreement is made on (date) between (name ofshop) , herein referred to as "Seller", and(individual)

Whereas (individual) wishes to sell (description ofitem(s)) by consigning said item(s) to (name of shop)for sale, it is understood:

That Seller agrees to display item(s) in a prominent placein his establishment.

That Seller will make every attempt to obtain the bestpossible price for the consigned merchandise and will acceptno less than $ as purchase price.

That for his efforts Seller is entitled to retain (percent)of the purchase price.

That should a sale be effectuated, Seller shall forward acheck for the amount of the full purchase price less theaforementioned (percent) to Consignee within 10 daysof the receipt of same.

That Seller represents that he maintains insurance for theftand damage, and that the consigned merchandise will be coveredby said insurance while it is in his possession.

That Consignee agrees to leave the merchandise with Sellerfor a minimum of (time)

That should the merchandise remain unsold at the end of theconsignment period and an election be made by the Consigneeto remove said merchandise, any costs incurred by the deliveryof same to Consignee shall be borne by Consignee.