Letter Of Intent Cooperation Template for United Arab Emirates

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Letter Of Intent Cooperation Template

I need a Letter of Intent Cooperation Template for a proposed partnership between our Dubai-based technology company and a German software provider, with specific focus on data protection compliance and a 6-month exclusivity period starting March 2025.

Document background

The Letter Of Intent Cooperation Template is a critical preliminary document used in the United Arab Emirates business environment when parties wish to formally express their intention to enter into a business cooperation arrangement. This document serves as a stepping stone towards a more detailed agreement while providing a framework for negotiations and due diligence. It is particularly relevant in the UAE context where business relationships often begin with formal expressions of intent before proceeding to detailed negotiations. The template incorporates provisions that align with UAE Civil Code (Federal Law No. 5 of 1985) and Commercial Transactions Law (Federal Law No. 18 of 1993), while respecting local business customs and practices. It is designed to protect parties' interests during the negotiation phase while maintaining flexibility for the final agreement terms.

Suggested Sections

1. Date and Parties: Opening of the letter identifying the full legal names and addresses of all parties involved

2. Introduction: Brief statement establishing the context and purpose of the letter

3. Background: Concise description of the circumstances leading to the potential cooperation and the parties' current relationship

4. Purpose and Scope: Clear statement of the intended cooperation and its general scope

5. Proposed Terms: Outline of the key terms and conditions of the proposed cooperation

6. Timeline: Expected timeline for negotiations and implementation of the formal agreement

7. Non-Binding Nature: Clear statement that the LOI is non-binding except for specific provisions

8. Binding Provisions: Specification of which provisions are legally binding (typically confidentiality, exclusivity if applicable, and governing law)

9. Closing and Signatures: Formal closing of the letter and signature blocks for all parties

Optional Sections

1. Exclusivity: Optional section to include if parties agree not to negotiate with other parties for a specified period

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

3. Due Diligence: Add when specific due diligence requirements need to be outlined

4. Good Faith Deposit: Include if any initial deposit or financial commitment is required

5. Break-up Fee: Add when parties want to specify penalties for withdrawing from negotiations

6. Regulatory Approvals: Include when the proposed cooperation requires specific regulatory clearances

7. Public Announcements: Add when parties need to agree on how public communications about the potential cooperation will be handled

Suggested Schedules

1. Preliminary Timeline: Detailed schedule of key milestones and deadlines for negotiations and implementation

2. Term Sheet: High-level summary of key commercial terms to be included in the final agreement

3. Required Approvals: List of necessary internal and external approvals required for the cooperation

4. Contact Details: List of key contact persons from each party involved in the negotiations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology and Digital Services

Real Estate and Construction

Financial Services

Healthcare and Pharmaceuticals

Energy and Utilities

Manufacturing and Industrial

Retail and Consumer Goods

Transportation and Logistics

Education and Training

Professional Services

Media and Entertainment

Tourism and Hospitality

Trading and Distribution

Agricultural and Food Services

Relevant Teams

Legal

Business Development

Corporate Development

Executive Leadership

Strategy

Commercial Operations

International Relations

Contract Administration

Corporate Secretariat

Compliance

Risk Management

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Chief Legal Officer

Commercial Director

Strategic Partnerships Manager

Head of Corporate Development

Chief Operations Officer

Contract Manager

Chief Strategy Officer

Investment Manager

Corporate Secretary

General Manager

Director of International Relations

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Let's create your Letter Of Intent Cooperation

Authors

Alex Denne

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