Non Binding Offer Template for England and Wales

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Key Requirements PROMPT example:

Non Binding Offer Template

I need a Non Binding Offer Template for a potential acquisition of a software company, including specific provisions for technology due diligence and IP rights evaluation, with the offer valid until March 2025.

Document background

The Non-Binding Offer Template serves as a crucial preliminary document in commercial negotiations under English and Welsh law. It is typically used when parties wish to formalize their initial discussions and outline key terms without creating legally binding obligations. The template provides a structured framework for presenting commercial terms, conditions, and proposed arrangements while maintaining flexibility for further negotiation. This document type is particularly valuable in complex transactions where parties need to demonstrate serious intent while retaining the ability to modify terms or withdraw from discussions without legal consequences.

Suggested Sections

1. Sender Details: Full company name, address, and contact information of the offering party

2. Recipient Details: Full name and address of the party receiving the offer

3. Date: Date of the offer

4. Subject Matter: Clear description of what is being offered

5. Key Terms: Main commercial terms of the proposed arrangement

6. Non-Binding Statement: Clear statement that the offer is non-binding and does not create legal obligations

7. Validity Period: Period for which the offer remains open for consideration

Optional Sections

1. Confidentiality Statement: Statement regarding the confidential nature of the offer and any restrictions on its disclosure

2. Next Steps: Outline of the proposed process for moving forward with the transaction

3. Due Diligence Requirements: Any preliminary requirements or conditions that need to be met

Suggested Schedules

1. Term Sheet: Detailed summary of key commercial terms and conditions being offered

2. Supporting Documentation: Additional business information, financial data, or technical specifications relevant to the offer

3. Draft Timeline: Proposed schedule for negotiation and completion of the transaction

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

Offer
Proposed Transaction
Offering Party
Recipient
Effective Date
Validity Period
Confidential Information
Business Day
Proposed Terms
Due Diligence
Binding Terms
Representatives
Permitted Purpose
Working Hours
Transaction Documents

Clauses

Non-Binding Nature
Subject Matter
Proposed Terms
Confidentiality
Duration and Validity
Exclusivity
Due Diligence
Costs
Governing Law
Notices
No Assignment
Entire Agreement
Third Party Rights
Further Assurance
Binding Elements

Relevant Industries

Real Estate
Corporate M&A
Technology
Manufacturing
Professional Services

Relevant Teams

Legal
Finance
Business Development
Corporate Development
Operations

Relevant Roles

Chief Executive Officer
Chief Financial Officer
Business Development Manager
Legal Counsel
Commercial Director

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Letter Of Interest Real Estate

A preliminary document expressing intent to purchase property under English and Welsh law, outlining key terms and conditions of the proposed transaction.

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Let's create your Non Binding Offer

Authors

Alex Denne

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