Agriculture Letter of Intent
[Your Company Name]
[Your Company Address]
[City, State, ZIP Code]
[Your Company Email]
[Your Company Number]
[Month Day, Year]
[Recipient Name]
[Recipient Title]
[Recipient Company Name]
[Recipient Company Address]
[City, State, ZIP Code]
Dear [Recipient Name],
We, [Your Company Name], located at [Your Company Address], are pleased to express our intent to enter into an agricultural agreement with [Recipient Company Name], situated at [Recipient Company Address]. This Letter of Intent ("LOI") sets forth the proposed terms and conditions under which we plan to collaborate, ensuring compliance with applicable US agricultural laws and standards.
1. Purpose and Scope
The purpose of this LOI is to outline the preliminary terms for the proposed agreement under which [Your Company Name] will supply [type of agricultural products] to [Recipient Company Name]. The scope of this collaboration includes the production, supply, and delivery of high-quality agricultural products in accordance with the specifications agreed upon by both parties.
2. Terms and Conditions
Product Description: | Organic vegetables, including tomatoes, lettuce, cucumbers, and carrots. |
Quantity: | |
Delivery Schedule: | |
Quality Standards: | |
Price and Payment Terms: | |
Duration: | |
3. Obligations of the Parties
[Your Company Name]: Will be responsible for the cultivation, harvesting, and packaging of the agricultural products. We ensure that all practices comply with sustainable farming practices and USDA regulations.
[Recipient Company Name]: Will be responsible for the timely payment as per the agreed terms and for providing any specific requirements or changes in the product specifications in advance.
4. Confidentiality
Both parties agree to keep all information related to this LOI and any subsequent agreements confidential and not disclose it to any third party without the prior written consent of the other party.
5. Legal Compliance
Both parties agree to comply with all relevant federal, state, and local laws and regulations related to agricultural production, trade, and commerce.
6. Non-Binding Nature
This LOI is intended to outline the general terms of the proposed agreement and is not binding on either party. A binding agreement will be executed following detailed negotiations and agreement on all terms by both parties.
7. Termination
Either party may terminate this LOI by providing [0 days] written notice to the other party. Termination of this LOI will not affect any binding obligations that have already been established in a subsequent formal agreement.
We look forward to working together and building a mutually beneficial relationship.
Please indicate your acceptance of this LOI by signing below and returning a copy to us by [Month Day, Year].
Sincerely,
[Your Name]
[Title]
[Your Company Name]
Accepted and Agreed by:
[Recipient Name]
[Title]
[Recipient Company Name]
[Month Day, Year]
[Your Name]
[Title]
[Your Company Name]
[Month Day, Year]
Agriculture Templates @ Template.net
