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Letter Of Intent For Services
I need a Letter of Intent for Services to outline a proposed IT consulting arrangement with a software development company, including exclusivity provisions and a timeline for service delivery starting March 2025, with estimated services value of £500,000.
1. Date and Parties: Identification of sender and recipient with full legal names and addresses
2. Purpose Statement: Clear statement of intent regarding the proposed services
3. Scope of Services: Description of services to be provided
4. Timeline: Proposed schedule for service delivery and key milestones
5. Commercial Terms: Proposed pricing, payment terms, and basic commercial arrangements
6. Binding/Non-binding Statement: Clear statement of which provisions are binding and non-binding
7. Duration: Validity period of the Letter of Intent
1. Confidentiality: Terms regarding confidential information handling, use when sensitive information will be shared
2. Exclusivity: Terms regarding exclusive negotiations, use when parties want to ensure exclusive discussions
3. Break Fee: Compensation if deal doesn't proceed, use in high-value transactions
4. Resource Allocation: Details of personnel or resources to be committed, use in complex service arrangements
1. Service Specification: Detailed description of proposed services and deliverables
2. Price Schedule: Detailed breakdown of proposed costs and payment structure
3. Project Timeline: Detailed project schedule and milestones
4. Key Personnel: List of key team members and their roles
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