1. Conditions Precedent: Specific conditions that must be met before moving forward with the definitive agreement, optional if no specific conditions are required

2. Cost Sharing: Terms for sharing costs during the LOI period, optional if each party bears their own costs

3. Break Fee: Provisions for compensation if either party terminates negotiations, optional but common in larger developments

4. Non-Solicitation: Restrictions on hiring each other's employees, optional depending on project scale and relationship

5. Regulatory Approvals: Specific mentions of required regulatory approvals, optional if not immediately relevant

6. Force Majeure: Provisions for unforeseen circumstances, optional in an LOI but sometimes included for critical terms

1. Site Plan: Preliminary plans or drawings of the development site and proposed project

2. Basic Commercial Terms: Detailed breakdown of proposed financial terms and conditions

3. Project Timeline: Detailed schedule of key milestones and deadlines

4. Required Approvals: List of necessary regulatory and governmental approvals

5. Due Diligence Checklist: List of required documents and information for due diligence

6. Key Personnel: List of key team members from both parties involved in the project