OBJECT: LETTER OF UNDERSTANDING REGARDING TERMS OF PROPOSED CONTRACT Dear [CONTACT NAME], This will confirm that which we discussed during our telephone conversation [EARLIER TODAY or SPECIFY WHEN]. It is agreed that your firm, [NAME OF FIRM], will provide [SPECIFY] for the [NAME OF PROJECT] while we will provide [SPECIFY], according to your specifications, and all funds necessary, up to [AMOUNT]. If this meets with your understanding of our conversation, please sign a copy of this letter and return it to my office. Upon our
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