Letter Of Intent Formal Template for Hong Kong

1. Break Fee: Terms regarding any fee payable if either party withdraws from negotiations, used in high-value transactions

2. Costs and Expenses: Allocation of costs incurred during the negotiation process, particularly relevant for complex transactions

3. Good Faith Deposit: Details of any initial deposit required, typically used in real estate or major asset purchases

4. Regulatory Approvals: Framework for obtaining necessary regulatory clearances, included when regulatory oversight is required

5. Public Announcements: Controls on public statements about the potential transaction, important for sensitive or high-profile deals

6. Non-Circumvention: Prevents parties from bypassing each other in the proposed transaction, used in broker or intermediary arrangements

7. Dispute Resolution: Specific procedures for resolving disputes, included in high-value or complex transactions

1. Term Sheet: Detailed outline of the key commercial terms being proposed

2. Timeline Schedule: Detailed timeline for due diligence, negotiations, and completion

3. Due Diligence Requirements: List of required documents and information for due diligence

4. Required Approvals: List of regulatory or third-party approvals needed

5. Form of Confidentiality Agreement: Draft or final form of separate confidentiality agreement if required