Emails of Agreement: What They Are and How to Use Them
In business, agreements are essential to keep everyone on the same page. Whether it`s a contract for services or a partnership agreement, having a signed document is crucial to protecting your company`s interests. But what if you need to come to an agreement quickly and don`t have time to create a formal document? This is where emails of agreement come in.
What is an Email of Agreement?
An email of agreement is a written confirmation between two or more parties that outlines the terms they have agreed upon. It`s a more informal way of creating an agreement when time is of the essence. The email serves as a written record of the agreement, which is important if any disputes arise in the future.
When to Use an Email of Agreement
There are several situations where an email of agreement is appropriate, including:
1. When time is of the essence: If you need to agree to something quickly, but don`t have time to create a formal document, an email of agreement can be a quick solution.
2. When the agreement is simple: If the agreement is straightforward, an email of agreement can be a simple way to get confirmation from both parties.
3. When the parties know each other well: If the parties have an established relationship and trust each other, an email of agreement may be sufficient.
How to Write an Email of Agreement
Writing an email of agreement is relatively simple. Here are the steps to follow:
1. State the purpose of the email: Start by explaining why you are sending the email. For example, “We have discussed the terms of our partnership and have agreed to move forward.”
2. Outline the terms: Be clear and concise when outlining the terms of the agreement. Use bullet points to make it easy to read. For example:
– Our partnership will begin on [date] and end on [date].
– We will split profits evenly.
– Each party will contribute [amount] to start the partnership.
3. Ask for confirmation: Ask the other party to confirm their agreement with the terms outlined in the email. For example, “Please confirm your agreement to these terms by responding to this email.”
4. Include a disclaimer: Finally, include a disclaimer that the email serves as a written record of the agreement but is not intended to replace a formal contract.
Conclusion
Emails of agreement can be a quick and easy way to establish an understanding between two or more parties. It`s important to remember that they are not a replacement for a formal contract but can serve as a written record of an agreement. If you find yourself needing to come to an agreement quickly, consider using an email of agreement to get everyone on the same page.