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Letter Of Intent For Services
"I need a Letter of Intent for Services to outline my company's intention to provide IT consulting services to a Singapore-based client, with an expected project start date of March 2025 and including exclusivity provisions for the first 60 days of negotiations."
1. Intent Statement: Clear statement of intention to engage in services and enter into a formal agreement
2. Parties: Identification of parties involved including full legal names and addresses
3. Scope of Services: Detailed description of services to be provided and general terms of engagement
4. Timeline: Proposed timeline for service delivery and contract execution
5. Commercial Terms: Proposed pricing, payment terms, and commercial arrangements
1. Due Diligence: Terms for conducting due diligence investigations prior to formal agreement
2. Exclusivity: Terms of exclusive negotiation period between the parties
3. Confidentiality: Terms for handling confidential information exchanged during negotiations
4. Good Faith Negotiations: Commitment to negotiate in good faith towards a definitive agreement
5. Binding Terms: Specification of which terms are binding and which are non-binding
1. Service Specifications: Detailed technical specifications of services to be provided
2. Preliminary Timeline: Proposed schedule of key milestones and deliverables
3. Price Schedule: Preliminary pricing structure and payment terms
4. Key Personnel: List of key personnel involved in service delivery and their roles
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