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1. Parties: Full legal names and addresses of all parties involved in the proposed transaction
2. Background/Recitals: Brief context of the proposed transaction and relationship between the parties
3. Definitions: Key terms used throughout the document
4. Purpose and Scope: Clear statement of the intended transaction or relationship being contemplated
5. Key Terms: Overview of the principal commercial terms and conditions of the proposed transaction
6. Timeline: Proposed schedule for negotiation, due diligence, and completion of the final agreement
7. Binding Provisions: Explicit statement of which terms are intended to be legally binding
8. Non-Binding Provisions: Clear indication of which terms are not legally binding
9. Exclusivity: Period during which parties agree not to negotiate with other parties
10. Confidentiality: Obligations regarding the protection of confidential information exchanged
11. Governing Law: Specification that Nigerian law governs the LOI
12. Signatures: Execution block for authorized representatives of all parties
1. Break Fee: Terms regarding any fee payable if either party withdraws from negotiations - include when there's significant due diligence or transaction costs
2. Due Diligence: Framework for information sharing and due diligence process - include when substantial due diligence is required
3. Cost Allocation: How costs and expenses will be allocated between parties - include when significant transaction costs are anticipated
4. Good Faith Deposit: Details of any initial deposit required - include when seeking commitment from counterparty
5. Dispute Resolution: Specific procedures for resolving disputes - include when parties prefer alternative dispute resolution
6. Public Announcements: Rules regarding public statements about the proposed transaction - include for sensitive or public-interest transactions
7. Force Majeure: Provisions for unforeseen circumstances - include when long negotiation period is anticipated
1. Term Sheet: Detailed outline of the key commercial terms being proposed
2. Timeline Schedule: Detailed timeline of key dates and milestones for the transaction
3. Due Diligence Requirements: List of required documents and information for due diligence
4. Authorized Representatives: List of designated representatives from each party authorized to negotiate
5. Existing Agreements: List of any relevant existing agreements between the parties
Binding Provisions
Business Day
Confidential Information
Definitive Agreement
Due Diligence
Effective Date
Exclusivity Period
Force Majeure Event
Good Faith Deposit
Intellectual Property Rights
Long Stop Date
Material Adverse Change
Negotiation Period
Non-Binding Provisions
Parties
Proposed Transaction
Representatives
Target Business
Term
Third Party
Transaction Documents
Break Fee
Completion Date
Governing Law
Permitted Recipients
Professional Advisers
Related Entities
Signature Date
Working Hours
Recitals
Definitions
Purpose
Proposed Transaction Structure
Non-Binding Nature
Binding Provisions
Confidentiality
Exclusivity
Due Diligence
Timeline
Good Faith Negotiations
Break Fee
Costs
Public Announcements
Intellectual Property
Governing Law
Force Majeure
Termination
Notices
Assignment
Entire Agreement
Amendment
Severability
Counterparts
Third Party Rights
Dispute Resolution
Authority to Execute
Binding Effect
Oil and Gas
Technology
Real Estate
Manufacturing
Infrastructure
Telecommunications
Financial Services
Agriculture
Healthcare
Mining
Retail
Education
Construction
Energy
Transportation
Export/Import
Legal
Corporate Development
Business Development
Finance
Strategy
Executive Leadership
Operations
Risk and Compliance
Project Management
Investment
Corporate Affairs
Commercial Operations
Chief Executive Officer
Managing Director
Business Development Director
Legal Counsel
Corporate Lawyer
Investment Manager
Chief Financial Officer
Commercial Director
Head of Strategy
Operations Director
Project Manager
Corporate Secretary
Risk Manager
Compliance Officer
Investment Analyst
Mergers & Acquisitions Director
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