This letter is a declaration stating that I understand the financial risks involved in setting up a new sales territory in the Southeastern United States without the full support of the company. I also understand that, while I will be entitled to share in the financial rewards, I assume full financial risk for this venture.
For decades, the company has avoided expanding to the Southeastern United States for a variety of reasons. After utilizing the Internet to do extensive market research, I have determined that there is a large market in this region that the company is neglecting. I feel that my activities in the region will be successful and open up a whole new venture for the company.
As we have discussed, I understand that I will not be reimbursed for the costs I incur while trying to open up this new territory. However, I also expect the company to honor its agreement that I will be made Southeastern Regional Sales Manager when the new sales office is successfully established and will get the appropriate pay plan according to that position.
Please feel free to call me at 000-000-0000 or email me at email@example.com if you have any questions.