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In this tutorial, the channel provides guidance on writing a letter of agreement, defined as a legal document between two parties to formalize discussions regarding a transaction. Such a letter is binding by law and can be created by anyone. The tutorial outlines a step-by-step template for drafting the letter. It begins with writing a header that includes your name in uppercase followed by your address, city, state, and zip code. Next, today's date is added on the right side, and the recipient's details (including their full name, title, and address) are written on the left. The letter opens with "Dear Mr. or Ms." followed by the recipient's name, and the first paragraph should introduce the purpose of the agreement.