The Letter Of Intent Strategic Partnership is a crucial preliminary document used when two or more parties intend to form a significant business collaboration under German law. It serves as a roadmap for negotiations and due diligence, combining non-binding expressions of intent with legally binding provisions such as confidentiality and exclusivity. This document type is particularly relevant in the German business environment, where formal preliminary agreements are valued as important stepping stones to final contracts. It helps parties align their expectations, establish negotiation parameters, and address key issues early in the partnership process, while providing a framework that complies with German civil and commercial law requirements. The document is especially useful for cross-border transactions involving German entities or when German law is chosen as the governing law for the strategic partnership.

1. Parties: Identification of the parties entering into the LOI, including full legal names, registration details, and addresses

2. Background/Recitals: Context of the proposed strategic partnership, including the parties' business activities and high-level objectives

3. Definitions: Key terms used throughout the document

4. Purpose and Scope: Clear statement of the intended strategic partnership's objectives and scope

5. Non-Binding Provisions: Clear identification of which provisions are non-binding expressions of intent

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

7. Due Diligence: Framework for information sharing and evaluation process

8. Timeline: Proposed schedule for negotiations and implementation of the strategic partnership

9. Confidentiality: Binding provisions regarding the protection of confidential information exchanged

10. Exclusivity: Terms of any exclusive negotiation period

11. Costs: Allocation of costs incurred during the negotiation phase

12. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes

13. Signatures: Execution blocks for authorized representatives of each party