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Letter Of Decline Of Joint Venture Proposal

[Company Letterhead]

[Date]

[Mr/Mrs/Ms/Dr] [First Name] [Last Name]

[Title]

[Company]

[Address]

[City] [State] [Zip]

Dear [Mr/Mrs/Ms/Dr] [Last Name]:

Thank you for your letter requesting my participation in your new venture. Unfortunately, at this time I must decline your kind offer.

Although I am very interested in the area you plan to specialize in, I find that I just do not have the needed time to devote to this project (supply a reason).

Again, thank you for the offer and perhaps in the future we can do something along these lines together.

Sincerely,

[Your Name]

[Your Title]

[Your Phone Number]