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1. Parties: Full legal names and addresses of all parties involved in the proposed partnership
2. Background/Introduction: Brief context explaining why the parties are considering a partnership and their general intentions
3. Definitions: Key terms used throughout the letter that require clear definition
4. Purpose of Partnership: Clear statement of the intended business purpose and primary objectives of the partnership
5. Proposed Structure: Outline of the intended partnership structure, including ownership percentages and management roles
6. Key Terms: Essential business terms including capital contributions, profit sharing, and decision-making processes
7. Timeline: Proposed timeline for negotiation, due diligence, and execution of the final partnership agreement
8. Confidentiality: Terms regarding the confidential treatment of information exchanged during negotiations
9. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified sections (typically confidentiality)
10. Next Steps: Outline of immediate actions required from each party to progress towards the final agreement
11. Signature Block: Space for authorized representatives to sign and date the letter
1. Exclusivity Period: Used when parties want to establish a period during which they cannot negotiate with other potential partners
2. Due Diligence Requirements: Include when specific information or documentation needs to be exchanged before finalizing the partnership
3. Cost Allocation: Added when parties need to specify how costs during the negotiation period will be shared
4. Regulatory Approvals: Include when the partnership may require specific regulatory or governmental approvals
5. Intellectual Property Protection: Used when significant IP will be shared during negotiations
6. Break-up Fee: Include when parties want to establish compensation if one party backs out without justified cause
7. Dispute Resolution: Added when parties want to establish a framework for resolving disagreements during negotiations
8. Public Announcements: Include when there's a need to control how and when the potential partnership can be publicly disclosed
1. Schedule A - Initial Business Plan: High-level outline of the proposed business operations and objectives
2. Schedule B - Capital Contribution Details: Preliminary breakdown of expected financial and non-financial contributions from each party
3. Schedule C - Timeline and Milestones: Detailed timeline for partnership formation and key milestones
4. Schedule D - Due Diligence Checklist: List of required documents and information to be exchanged
5. Appendix 1 - Contact Details: Key contact information for all parties and their representatives
6. Appendix 2 - Confidential Information: Definition and examples of what constitutes confidential information
Business
Business Day
Business Hours
Business Plan
Capital Contribution
Commencement Date
Confidential Information
Due Diligence
Due Diligence Period
Effective Date
Exclusivity Period
Final Partnership Agreement
Intellectual Property
Letter of Intent
Material Adverse Change
Negotiation Period
Partnership
Partnership Assets
Partnership Interest
Parties
Permitted Purpose
Professional Advisers
Proposed Partnership
Representatives
Signing Date
Term
Territory
Transaction
Working Capital
Recitals
Definitions
Purpose
Non-Binding Effect
Good Faith
Confidentiality
Exclusivity
Due Diligence
Proposed Partnership Structure
Capital Contributions
Management Rights
Decision Making
Profit Sharing
Timeline
Costs and Expenses
Regulatory Compliance
Intellectual Property
Public Announcements
Break Fee
Termination
Governing Law
Dispute Resolution
Notices
Assignment
Entire Understanding
Amendments
Severability
Counterparts
Electronic Execution
Professional Services
Technology
Manufacturing
Retail
Healthcare
Construction
Real Estate
Financial Services
Education
Agriculture
Mining
Hospitality
Transport and Logistics
Media and Entertainment
Energy and Utilities
Consulting
Legal
Executive Leadership
Corporate Development
Finance
Business Development
Strategy
Operations
Commercial
Risk Management
Compliance
Mergers & Acquisitions
Chief Executive Officer
Managing Director
Business Development Manager
Corporate Lawyer
Legal Counsel
Chief Financial Officer
Partnership Manager
Business Owner
Entrepreneur
Company Director
Chief Operating Officer
Strategy Director
Investment Manager
Commercial Director
General Counsel
Operations Manager
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