Business is all about manufacturing, buying and selling the products and services. Indirectly, the business contributes much to the economic development of a country. A well-established and popular business can even change the status of the country. The rapid and continuous revenues can make it categorize from developing to developed country. In the same way, continuous losses can de-categorize the status of the country.
A business is usually developed with the mutual consent of two or more parties as per business type. Both parties have to undersign various formalities before final implementation.
The two parties have to sign a business contract. A contract is a type of agreement which shows that both parties are intended to start the relevant business with mutual understanding.
A business contract serves as a legal binding rapport. It has various terms and agreements to be signed after several meeting and discussion between both parties. The business contracts have some important factors. One of them is the starting date and the expiry date. The other factor is pricing expression. The important signatures from both parties are also an important factor.
A business contract renewal letter is sent once the dedicated time period is about to expire. It is being sent to the relevant party. The letter contains the references to the agreement including the name of the business, the names of the parties and the expiry date. A request must be written for renewal. Additionally, reasons for renewal must be mentioned. a prompt response can also be asked.
The letter
How are you? Hopefully, you are doing well at your place. I wish you the best of emotional strength and everlasting harmony in your life. If you remember, our company had reserved the contract of manufacturing uniforms for your school two years ago. The firm had achieved the target of making 3600 uniforms in a brief span of five months.
We are a well-organized, reliable, steadfast and accountable organization. Your workforces are happy with our hard work and great exertions we put to maintain the best possible quality in every way. We learned somehow that you are once again going to give an opportunity of assigning the contract of manufacturing uniforms.
We would be very engrossed in recommencing the treaty for a period of next two years. Kindly approve to us in inscription whether you would also be delightful to extend the contract. Our company will be full of gratitude if you allow us the regeneration of business. Express gratitude in eagerness.
Preview
The letter Template
Format: MS Word
Layout: Letterhead