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1. Parties: Identification and details of all potential partners entering into the pre-partnership agreement
2. Background: Context of the proposed partnership and purpose of entering into this pre-partnership agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Purpose and Scope: Detailed outline of the intended partnership's objectives and the scope of pre-partnership activities
5. Duration: Timeline for the pre-partnership period and conditions for extension
6. Confidentiality Obligations: Provisions regarding the handling and protection of confidential information exchanged during discussions
7. Exclusivity: Terms preventing parties from engaging in similar partnership discussions with others during the negotiation period
8. Cost Sharing: Allocation of costs incurred during the pre-partnership phase
9. Good Faith Obligations: Commitment to negotiate in good faith and with serious intent
10. Intellectual Property Rights: Protection and ownership of IP during the pre-partnership phase
11. Termination: Circumstances and procedures for terminating the pre-partnership agreement
12. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes
1. Due Diligence Process: Framework for conducting due diligence investigations, used when detailed examination of business assets/operations is required
2. Resource Commitment: Specific commitments of resources during the pre-partnership phase, included when parties are contributing significant resources
3. Third Party Involvement: Provisions regarding the involvement of external advisors or consultants, used when third parties will be essential to the process
4. Break Fee: Provisions for compensation if one party withdraws, included in high-value or complex partnership negotiations
5. Milestone Requirements: Specific milestones to be achieved before proceeding to final partnership, used when a phased approach is desired
6. Public Announcements: Rules regarding public communications about the potential partnership, important for situations involving public companies or sensitive market information
1. Schedule 1 - Timeline: Detailed timeline of the pre-partnership phase including key milestones and deadlines
2. Schedule 2 - Confidential Information: Specific list of information designated as confidential
3. Schedule 3 - Due Diligence Requirements: Detailed list of documents and information required for due diligence
4. Schedule 4 - Cost Allocation: Detailed breakdown of cost sharing arrangements and budgets
5. Schedule 5 - Authorized Representatives: List of authorized representatives from each party for various aspects of the pre-partnership process
6. Appendix A - Form of Final Partnership Agreement: Draft outline or heads of terms for the intended final partnership agreement
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