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1. Date and Parties: Opening section identifying the date and full legal names and addresses of all parties involved
2. Introduction/Background: Brief context explaining why parties are considering collaboration and their general objectives
3. Purpose of LOI: Clear statement that this is a non-binding LOI (except for specific binding provisions) and its purpose
4. Scope of Proposed Collaboration: High-level description of the intended collaboration and key activities
5. Key Terms: Outline of principal commercial terms and basic structure of the proposed collaboration
6. Timeline: Proposed timeline for negotiation, due diligence, and execution of definitive agreement
7. Exclusivity: Whether parties agree to negotiate exclusively with each other for a specified period
8. Confidentiality: Basic confidentiality obligations regarding shared information during negotiations
9. Costs and Expenses: Statement on how costs related to negotiations and due diligence will be handled
10. Duration and Termination: Validity period of the LOI and how it can be terminated
11. Signature Block: Space for authorized representatives to sign and date the document
1. Due Diligence Process: Include when significant due diligence is required, outlining the process and access to information
2. Resource Commitment: Add when parties need to specify initial resource allocation or commitments during the negotiation phase
3. Intellectual Property Protection: Include when the discussions may involve sharing of IP or creation of new IP
4. Regulatory Approvals: Add when the proposed collaboration might require significant regulatory clearances
5. Break Fee: Include when parties want to specify penalties for walking away from negotiations without justified cause
6. Governing Law and Jurisdiction: Add when parties are from different jurisdictions or want to specify dispute resolution framework
7. Public Announcements: Include when there's a need to control public communications about the potential collaboration
1. Initial Business Plan: High-level outline of proposed business activities and objectives
2. Key Commercial Terms: Summary of main commercial terms to be included in the definitive agreement
3. Timeline and Milestones: Detailed timeline for negotiation process and key decision points
4. Contact Details: List of key contacts from each party involved in the negotiation process
Confidential Information
Proposed Collaboration
Definitive Agreement
Effective Date
Exclusivity Period
Business Day
Binding Provisions
Non-Binding Provisions
Due Diligence
Permitted Purpose
Representatives
Intellectual Property Rights
Material Adverse Change
Negotiation Period
Break Fee
Affiliate
Business Plan
Completion Date
Force Majeure
Territory
Governing Law
Term
Recitals
Purpose
Scope of Collaboration
Non-Binding Nature
Binding Provisions
Confidentiality
Exclusivity
Due Diligence
Timeline
Good Faith Negotiations
Costs and Expenses
Intellectual Property
Public Announcements
Term and Termination
Break Fee
Governing Law
Dispute Resolution
Notices
Assignment
Force Majeure
Entire Understanding
Authority
Counterparts
Amendments
Third Party Rights
Technology
Manufacturing
Healthcare
Education
Financial Services
Telecommunications
Real Estate
Infrastructure
Renewable Energy
Automotive
Pharmaceutical
E-commerce
Entertainment
Agriculture
Biotechnology
Consulting Services
Legal
Business Development
Corporate Strategy
Operations
Executive Leadership
Compliance
Commercial
Partnership Development
Project Management
Risk Management
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Corporate Lawyer
Chief Operating Officer
Strategy Director
Partnership Manager
Chief Legal Officer
Vice President of Operations
Head of Business Development
Project Director
Commercial Director
Chief Strategy Officer
Compliance Officer
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