Letter for Understanding of Verbal Agreement



Letter for Understanding of Verbal Agreement :




This letter should be typed in the official letter-head of the company.

The Company's Name

Door Number and Street's Name,
Area Name,
City.
Postal Code : XXXXXX
Phone Number : 0000 - 123456789


TO :

The Receiver's Name,
Door Number and Street's Name,
Area Name,
City.
Postal Code : XXXXXXX


Date :


Reference :


Dear _____________,


This is to confirm our agreement whereby you will be offering for sale in your shop my [item (s)]


It is my understanding that you will accept no less than $ for this item and, in the event of a sale, your consignment fee will be[percent]of the purchase price. It is my further understanding that you will inform me of a sale immediately. I agree to leave my [item] on consignment with you for a period of [time] , and the same will be covered under your insurance policy for theft or damage for said time that it is in your possession.


If the terms set forth herein conform with your understanding of our verbal agreement, please indicate your acceptance by signing in the space provided for your signature.


Yours Sincerely,


(The Sender's Signature)


The Sender's Name


Enc. :





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