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Letter Of Decline Of Joint Venture Proposal

{DATE}

{Mr/Mrs/Ms/Dr} {FIRST NAME} {LAST NAME}

{TITLE}

{COMPANY}

{ADDRESS}

{CITY}, {STATE} {ZIP CODE}

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. (Give 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}