CONTRACT RENEWAL LETTER
MICHAEL SMITH
Quantum Systems Inc.
303 Cedar Court Lot 15
Countryside, USA 45678
Contact: 222 555 7777
Email: smith@email.com
Kevin Clark
789 Oak Drive
Apartment 7C
Cityville, USA 67890
Dear Mr. Clark,
I hope this letter finds you well. As a valued client of Quantum Systems Inc., we are pleased to offer you the opportunity to renew the existing contract between our organizations. This letter outlines the terms and conditions for the renewal of our contract, ensuring a continued professional relationship.
PARTIES INVOLVED:
This contract renewal is between Quantum Systems Inc. (referred to as "Service Provider") and yourself, Kevin Clark (referred to as "Client").
SCOPE OF WORK:
The scope of work under this contract renewal shall encompass [Briefly describe the services or work to be provided]. This includes but is not limited to [Specify any specific tasks or deliverables].
PAYMENT TERMS:
The payment for the services rendered under this renewed contract shall be as follows:
- [Specify payment frequency: hourly, monthly, etc.] - [Specify payment amount or rate] - [Outline any payment terms or milestones if applicable]
DEADLINES AND DELIVERABLES:
We understand the importance of timely completion and delivery of the agreed-upon services. In consideration of this, the following deadlines and deliverables have been established:
- [Specify any specific deadlines or milestones for the completion of work] - [Outline the expected deliverables and their respective due dates]
CONFIDENTIALITY:
Both parties acknowledge and agree to maintain strict confidentiality with regard to any sensitive information exchanged during the course of this renewe+ contract. This includes but is not limited to [Specify the types of information that should be kept confidential].
ADDITIONAL LEGAL PROVISIONS:
- [Outline any additional legal provisions that are relevant or necessary for the renewed contract]
BREACH OF CONTRACT:
Both parties shall be held responsible for upholding the terms and conditions outlined in this renewed contract. Should either party breach any provision, the non-breaching party may seek legal action for damages. Penalties for breach include [Specify the penalties or consequences for breaching the contract].
Please review the terms and conditions outlined in this letter carefully. If they meet with your approval, we kindly request that you sign and return a copy of this renewed contract no later than [Specify the deadline for contract review and return]. Once we receive the signed contract, we will consider it binding between both parties.
Thank you for your continued trust and support. If you have any questions or require further clarification, please do not hesitate to contact me at the provided contact details. We look forward to another successful year working together.
Yours sincerely,
MICHAEL SMITH
Quantum Systems Inc.
