Letter of agreement is addressed by an organization/ company for different business usage. A few of them include loan agreement, rental agreement, lease agreement etc. These letters carry almost the same format with differences in requirement. They are prepared and typed according to the purpose.
It covers all the details of both the parties agreed upon. This letter provides detailed information about the person or company such as name, address, purpose, basic terms and conditions of the agreement. The purpose of preparing it is to keep the written commitments for legal records for any type of transactions between companies.
These letters are accepted to be formal and hence should be drafted in a simple yet professional tone.
Example of Agreement Letter Format
Doyle Marketing and Selling Pvt. Ltd.
River dale, GJ 41739
Mr. Roger Gild
General Manager-West Land Enterprises Pvt. Ltd
9527 Blessing ton Avenue
Georgia, KT 74257
21 April, 2014
Subject: Letter of Agreement Format
Dear, Mr. Gild
This agreement is made between West Land Enterprises Pvt. Ltd and Doyale Marketing and Selling Pvt. Ltd on 29 March, 2013 in Georgia. West Land Enterprises Pvt. Ltd has assigned all marketing and selling work to Boyer Marketing and Selling Pvt. Ltd for which necessary agreement has to be made by the two companies.
The agreement letter covers the purpose of the agreement and requirements of both the companies. It also states all the terms and conditions on which both the companies are ready for the agreement. The mode of payment, payment structure and the charges in terms of providing services all are discussed well in this letter of agreement.
If both the companies accept terms and conditions mentioned in the letter of agreement then they will require signing a copy and proceeding for further formalities.
Agreed and accepted