Business Partnership Letter

Business Partnership Letter

Lester Willie

Email: [email protected]

December 21, 2050

Cristina Conti

Pixel Pulse

1868 Cemetery Street

Keller, GA 30076

Dear Ms. Conti,

We are thrilled to formalize our business partnership with Pixel Pulse. This letter outlines the terms and conditions that will govern our collaborative efforts effective January 1, 2051.

  1. Purpose of Partnership:

Our partnership aims to jointly develop and market a cutting-edge software solution for the healthcare industry.

  1. Roles and Responsibilities:

  • LifeWhiz will be responsible for software development, quality assurance, and ongoing technical support.

  • Pixel Pulse will be responsible for market research, sales, and customer relationship management.

  1. Financial Arrangements:

  • Profits and losses will be shared equally between LifeWhiz and Pixel Pulse.

  • Initial capital contributions are as follows: LifeWhiz - $200,000 and Pixel Pulse - $150,000, with payments to be made within 30 days of the effective date.

  1. Decision-Making Process:

  • Decisions will be made through mutual agreement between representatives from both companies.

  • Disputes will be resolved through mediation, and if necessary, arbitration in accordance with the rules of the American Arbitration Association.

  1. Duration and Termination:

  • This partnership is effective as of January 1, 2051, and will continue for an initial term of three years, with the option to renew by mutual agreement.

  • Either party may terminate the partnership with 90 days written notice.

  1. Confidentiality and Non-Disclosure:

  • Both parties agree to maintain the confidentiality of any proprietary information shared during the partnership, including but not limited to trade secrets, business plans, and customer data.

  1. Legal Compliance:

  • The partnership will adhere to all federal, state, and local laws and regulations governing the software development and healthcare industries.

  1. Miscellaneous Terms:

  • Both parties agree to meet quarterly for a review of partnership progress and adjustments to the partnership strategy if necessary.

Please review the attached detailed partnership agreement for a comprehensive understanding. Kindly sign and return one copy of this letter and the attached agreement to indicate your acceptance of the terms.

We are excited about the prospects of this partnership and look forward to a mutually beneficial collaboration.

Thank you for your commitment.


Lester Willie