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Joint Venture Letter Of Intent
1. Parties: Full legal names and addresses of all parties involved in the potential joint venture
2. Background: Context of the proposed collaboration and brief description of each party's business
3. Definitions: Key terms used throughout the letter of intent
4. Purpose and Scope: Overview of the proposed joint venture's objectives and intended business activities
5. Basic Terms: Fundamental aspects of the proposed collaboration including ownership structure, initial capital contributions, and main responsibilities
6. Timeline: Proposed schedule for due diligence, negotiation, and execution of definitive agreements
7. Exclusivity: Terms regarding exclusive negotiations during the specified period
8. Confidentiality: Provisions regarding the handling of confidential information exchanged during negotiations
9. Costs and Expenses: Allocation of costs incurred during the negotiation process
10. Binding and Non-binding Provisions: Clear distinction between which provisions are legally binding and which are subject to further negotiation
11. Governing Law: Specification of Danish law as the governing law
12. Signatures: Execution block for authorized representatives of all parties
1. Initial Business Plan: High-level overview of the proposed business strategy and operations, used when parties want to document preliminary business understanding
2. Due Diligence Process: Detailed framework for the due diligence process, included when complex investigation is required
3. Break Fee: Provisions regarding compensation if either party withdraws from negotiations, used in high-value or strategic transactions
4. Management Structure: Preliminary agreement on management and governance, included when parties want to document basic understanding of control
5. Regulatory Approvals: List of required regulatory approvals and process for obtaining them, necessary when the venture requires specific permits or licenses
6. Intellectual Property Rights: Preliminary agreement on IP ownership and usage, important when IP is a key component of the venture
7. Dispute Resolution: Specific procedures for handling disputes, included when parties want more detailed conflict resolution procedures
1. Schedule A - Initial Capital Contributions: Preliminary outline of expected contributions from each party
2. Schedule B - Timeline and Key Milestones: Detailed timeline for the negotiation process and key dates
3. Schedule C - Confidential Information: Definition and categories of information considered confidential
4. Schedule D - Due Diligence Requirements: List of documents and information required for due diligence
5. Schedule E - Term Sheet: Basic terms and conditions for the proposed joint venture in bullet-point format
6. Appendix 1 - Corporate Information: Basic corporate information about each party
7. Appendix 2 - Initial Business Overview: High-level description of the proposed joint venture business
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