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Franchise Letter Of Intent
"I need a Franchise Letter of Intent for my restaurant chain expansion in Singapore, looking to grant exclusive territory rights for the Central Region to a potential franchisee, with a 60-day exclusivity period starting March 2025."
1. Introduction: Identification of parties and basic intent to enter franchise relationship
2. Purpose Statement: Clear statement of intent to negotiate franchise agreement
3. Proposed Terms: Basic outline of key business terms being considered, including proposed business model, territory, and financial terms
4. Due Diligence: Process and requirements for information exchange and evaluation period
5. Timeline: Proposed schedule for negotiations and execution of definitive agreements
6. Confidentiality: Obligations regarding confidential information exchanged during negotiations
7. Binding Effect: Clear statement of which provisions are binding and non-binding
1. Exclusivity Period: Period during which parties agree not to negotiate with others regarding similar arrangements
2. Deposit Terms: Details of any initial payments or deposits required during the negotiation period
3. Break Fee: Terms regarding compensation if negotiations terminate under specific circumstances
4. Governing Law: Specification of Singapore law as governing law for binding provisions
5. Dispute Resolution: Process for resolving any disputes arising during the negotiation period
1. Initial Business Plan: Preliminary outline of proposed franchise operation and business model
2. Territory Map: Proposed territorial rights and exclusivity zones for the franchise
3. Financial Requirements: Preliminary outline of financial obligations, including estimated investment and fees
4. Timeline Schedule: Detailed timeline for due diligence, negotiations, and execution of definitive agreements
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