1. Exclusivity Period: Used when parties want to negotiate exclusively for a defined period

2. Break Fee: Include when there's agreement on fees payable if either party withdraws from negotiations

3. Conditions Precedent: When there are specific conditions that must be met before proceeding with the main transaction

4. Cost Allocation: Include when parties wish to specify how costs during the negotiation period will be handled

5. Term and Termination: When the LOI needs to specify its duration and termination conditions

6. Due Diligence Access: When preliminary agreement on access to information and due diligence process is needed

1. Key Terms Sheet: Detailed outline of the principal commercial terms under consideration

2. Timeline Schedule: Detailed breakdown of proposed timeline and key milestones

3. Asset Schedule: If applicable, preliminary list of assets or business elements involved in the transaction

4. Confidentiality Terms: Detailed confidentiality provisions if not incorporated in main letter