The 'Client Engagement Letter' template allows businesses to depict their understanding of services that they will be providing. This aids in clearly communicating the terms of service in order to prevent later disputes.

This template can be utilized by a handful of businesses including but not limited to law firms, consultancy companies, financial advisors, and tax preparation businesses. The transparency it provides makes it a pertinent tool for client relations and engagement planning.

To conclude, the 'Client Engagement Letter' template is an ideal tool to maintain open channels of communication, provide transparency, and build a sense of trust with clients.