Law Firm Letter of Understanding
To: [Second Party Name]
From: [Your Name], [Your Position]
Date: [Month Day, Year]
Subject: Letter of Understanding
Dear [Second Party Name],
I am writing to confirm our understanding and agreement regarding the legal services to be provided by [Your Company Name] (hereinafter referred to as "the Firm") to you.
Scope of Services: The Firm agrees to provide legal representation and advice to you in the matter of a breach of contract dispute. This includes but is not limited to the following services:
Legal consultation and analysis
Drafting and reviewing legal documents
Representation in negotiations and legal proceedings
Any other legal services necessary for the resolution of the matter
Responsibilities of the Firm: The Firm will diligently represent your interests with the utmost professionalism and ethics. We will keep you informed of all significant developments and provide regular updates on the progress of your case.
Responsibilities of [Second Party Name]: You agree to cooperate fully with the Firm by providing all necessary information and documentation relevant to the legal matter in a timely manner. You also agree to promptly respond to any requests for information or instructions from the Firm.
Duration of Agreement: This Letter of Understanding shall remain in effect until the completion of the legal matter described herein, unless terminated earlier by mutual agreement of both parties or for cause.
Fees and Compensation: The parties agree that the Firm's fees for the services provided shall be billed on a [flat fee] basis, as outlined in the attached fee schedule. Payment terms are net [30] days unless otherwise agreed upon in writing.
Confidentiality: The Firm and you agree to maintain the confidentiality of all information shared during the course of representation, in accordance with applicable laws and ethical obligations.
This Letter of Understanding constitutes the entire agreement between the Firm and you regarding the legal matter described herein and supersedes any prior agreements or understandings, whether written or oral.
Please sign below to indicate your acceptance of the terms outlined in this Letter of Understanding. If you have any questions or require further clarification, please do not hesitate to contact me.
Thank you for entrusting us with your legal representation.
Sincerely,
[Your Name]
[Your Position]
[Your Company Name]
[Second Party Name]
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