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8/11/2011

Letter of Understanding Regarding Terms of Proposed Contract

This will confirm that which we discussed during our

telephone conversation earlier today.
It is agreed that your firm, [name of firm], will provide

[description] for the [name of project], while we will

provide [describe], to your specifications, and all funds

necessary, up to [ceiling amount] to complete the [intent].
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 the

letter 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].

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