FAQ
What if the other party wants to change the agreement after we’ve signed?
A letter of agreement is a starting point, not a rigid contract. If changes are needed, both parties should sign a written amendment or a new letter of agreement. Always document changes in writing to avoid misunderstandings later. If disputes arise, these records can help clarify what was ultimately agreed upon.
Do these templates cover non-refundable deposits or milestone payments?
Some templates in this collection include sections for payment terms, such as deposits or milestone-based payments. Look for templates labeled for services or freelance work, as they often address these details. However, if payment structures are complex, consider consulting a legal professional to ensure clarity and compliance with local laws.
Can I use a letter of agreement for long-term partnerships instead of a formal contract?
Letters of agreement work well for short-term or informal partnerships, but long-term arrangements benefit from a more detailed contract. A contract can include dispute resolution clauses, termination terms, and other protections that may not be necessary for brief collaborations. For ongoing work, a letter of agreement can serve as a preliminary step before drafting a full contract.
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