SERVICE CONTRACT RENEWAL LETTER
August 27, 2054
Jordan Smith
Head of Operations
BrightFuture Ltd.
456 Success Avenue
Innovate City, NY 10001
Dear Jordan Smith,
We hope this letter finds you well. We are reaching out to discuss the renewal of the service contract between [Your Company Name] and BrightFuture Ltd. Our current agreement, which is set to expire on September 30, 2054, has been highly productive, and we are excited about the opportunity to continue supporting your business needs.
To ensure a seamless continuation of our services and to accommodate any changes in your requirements, we propose the following terms for the renewal period:
Contact Details | Proposed Terms |
|---|
Contract Term | October 1, 2054 - September 30, 2056 |
Service Scope | - Enhanced cybersecurity measures
- Quarterly technology audits
- 24/7 support with a dedicated account manager |
Annual Fee | $120,000 |
Fee Increase | 5% from the previous term |
Payment Terms | Quarterly payments:
- First payment: $30,000 due upon signing
- Subsequent payments due on January 1, April 1, July 1, October 1 |
Accepted Payment Methods | Bank transfer, Credit card |
Contact Information | Emily Davis, Senior Account Manager
Phone: (123) 456-7891
Email: emily.davis@fict.com |
Please review the proposed terms and let us know if they meet your approval or if there are any adjustments you would like to discuss. We are happy to arrange a meeting or call to finalize the details at your convenience.
If we do not receive a response by September 15, 2054, we will assume that you agree to the renewal under the proposed terms. Thank you for your continued trust in the company. We look forward to another year of successful collaboration and supporting BrightFuture Ltd.'s technology needs.
Sincerely,
[Your Name]
Director of Client Relations
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