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Letter Of Intent For Proposal
"I need a Letter of Intent for Proposal to outline our company's intention to acquire a software development firm, including a 60-day exclusivity period and detailed provisions for due diligence to be completed by March 2025."
1. Sender and Recipient Details: Full legal names and addresses of both parties involved in the Letter of Intent
2. Date: The date of the Letter of Intent
3. Project/Transaction Identification: Clear identification of the proposed project or transaction being discussed
4. Purpose Statement: Clear statement of intent and scope of the proposal, including key objectives
5. Key Terms: Principal commercial terms and conditions being proposed for the transaction
6. Timeline: Proposed timeline for next steps and completion of the transaction
7. Non-Binding Statement: Clear statement regarding the non-binding nature of the LOI (except for specific provisions)
1. Exclusivity: Terms of exclusive negotiation period, preventing parties from negotiating with other parties
2. Confidentiality: Terms regarding the exchange and protection of confidential information during negotiations
3. Due Diligence: Framework for the due diligence process and information sharing
4. Break Fee: Terms regarding compensation if the deal doesn't proceed after certain milestones
5. Governing Law: Specification of applicable law and jurisdiction for dispute resolution
1. Term Sheet: Detailed summary of key commercial terms and conditions proposed
2. Timeline Schedule: Detailed timeline outlining key milestones, deadlines, and critical dates
3. Due Diligence Requirements: Comprehensive list of required documents and information for due diligence process
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