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1. Parties: Identification of the main contractor and subcontractor, including full legal names, registration numbers, and addresses
2. Background: Context of the project, relationship between parties, and reference to the main contract (if applicable)
3. Definitions: Key terms used throughout the letter of intent
4. Purpose and Intent: Clear statement of the purpose of the LOI and which provisions are binding vs. non-binding
5. Scope of Work: High-level description of the intended subcontract works
6. Duration: Validity period of the LOI and expected timeline for finalizing the formal subcontract
7. Commercial Terms: Preliminary agreement on key commercial terms including pricing structure and payment terms
8. Conditions Precedent: Conditions that must be met before proceeding with the final subcontract
9. Confidentiality: Binding provisions regarding confidentiality of discussions and shared information
10. Governing Law: Specification of Nigerian law as the governing law
11. Signatures: Execution block for both parties
1. Early Works Authorization: Optional section authorizing the subcontractor to commence certain preliminary works before the final subcontract is executed
2. Exclusivity: Optional provision preventing the subcontractor from engaging with other contractors for the same scope during the LOI period
3. Break Fee: Optional clause specifying compensation if either party withdraws from negotiations without justified cause
4. Local Content Commitment: Required for oil and gas projects, outlining commitment to Nigerian content requirements
5. Advance Payment: Optional section detailing any advance payment terms if work is to commence under the LOI
6. HSE Requirements: Optional section for high-risk works requiring immediate compliance with Health, Safety and Environmental standards
1. Schedule 1 - Preliminary Scope of Work: Detailed description of the intended works and deliverables
2. Schedule 2 - Preliminary Commercial Terms: Indicative pricing, payment terms, and commercial conditions
3. Schedule 3 - Key Personnel: List of key personnel from both parties involved in the project
4. Appendix A - Required Documentation: List of documents required from the subcontractor (certificates, permits, insurances)
5. Appendix B - Timeline: Preliminary project timeline and key milestones
6. Appendix C - Form of Non-Disclosure Agreement: If confidentiality is critical and requires separate execution
Applicable Laws
Business Day
Commencement Date
Confidential Information
Conditions Precedent
Early Works
Effective Date
Expiry Date
Final Subcontract
Force Majeure
Governing Law
Letter of Intent
Local Content Requirements
Main Contract
Main Contractor
Parties
Preliminary Works
Project
Project Owner
Scope of Work
Site
Subcontractor
Term
Works
Duration and Term
Scope of Works
Commercial Terms
Payment Terms
Conditions Precedent
Early Works Authorization
Local Content Requirements
Health, Safety and Environment
Confidentiality
Intellectual Property
Representations and Warranties
Insurance Requirements
Force Majeure
Termination
Governing Law and Jurisdiction
Dispute Resolution
Notices
Assignment
Entire Agreement
Binding and Non-Binding Provisions
Break Fee
Exclusivity
Third Party Rights
Costs and Expenses
Compliance with Laws
Anti-Corruption
Data Protection
Amendments
Counterparts
Construction
Oil and Gas
Infrastructure
Manufacturing
Mining
Telecommunications
Power and Energy
Transportation
Engineering Services
Industrial Development
Legal
Commercial
Procurement
Operations
Business Development
Project Management
Risk and Compliance
Supply Chain
Technical Services
Contract Administration
Contract Manager
Project Manager
Commercial Director
Procurement Manager
Legal Counsel
Business Development Manager
Operations Director
Chief Operating Officer
Technical Director
Local Content Manager
Supply Chain Manager
Risk Manager
Compliance Officer
Project Coordinator
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