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Commercial Letter Of Intent
1. Date and Address Block: Formal business letter heading with date and parties' addresses
2. Opening Salutation: Professional greeting to the recipient
3. Introduction: Identification of parties and brief statement of purpose
4. Transaction Overview: Clear description of the proposed transaction or business relationship
5. Key Terms: Outline of main commercial terms and conditions being proposed
6. Timeline: Proposed schedule for negotiation, due diligence, and completion
7. Non-Binding Statement: Clear statement regarding which provisions are non-binding, except for specific binding terms
8. Closing and Signatures: Formal closing, signature blocks for both parties
1. Exclusivity Period: Include when parties agree not to negotiate with other parties for a specific period
2. Confidentiality Provisions: Include when sensitive information will be exchanged during negotiations
3. Cost Allocation: Include when parties want to specify how transaction costs will be shared
4. Due Diligence Process: Include when significant due diligence is required, outlining the process and expectations
5. Break Fee: Include when parties want to specify compensation if one party withdraws under certain circumstances
6. Governing Law Statement: Include when there's an international element to clearly specify Danish law applies
1. Key Commercial Terms Summary: High-level summary of main commercial terms being proposed
2. Timeline Schedule: Detailed timeline of key milestones and deadlines
3. Initial Due Diligence Requirements: List of primary documents and information required for initial assessment
4. Heads of Terms: Bullet-point list of key terms to be included in the final agreement
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