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Letter Of Intent Expiration Date
1. Parties and Date: Full legal names and addresses of all parties involved and the effective date of the LOI
2. Introduction: Brief statement of the parties' intention to explore a potential transaction or relationship
3. Transaction Overview: High-level description of the proposed transaction or relationship being considered
4. Key Terms: Outline of the principal terms and conditions being considered for the final agreement
5. Expiration Date: Clear statement of when the LOI will expire if no definitive agreement is reached
6. Non-Binding Nature: Express statement that the LOI is non-binding except for specific provisions
7. Binding Provisions: List of which provisions are legally binding (typically confidentiality, exclusivity, governing law, and costs)
8. Signature Block: Space for authorized representatives to sign and date the letter
1. Exclusivity Period: Used when parties want to establish a period during which they cannot negotiate with other parties
2. Due Diligence: Include when there needs to be a framework for information sharing and investigation process
3. Cost Allocation: Added when there's a need to specify how transaction costs will be shared
4. Break Fee: Include when parties want to establish compensation if one party terminates discussions
5. Milestone Dates: Used when specific timeline objectives need to be established for the negotiation process
6. Conditions Precedent: Include when certain conditions must be met before proceeding with negotiations
1. Term Sheet: High-level summary of key commercial terms being considered
2. Timeline: Detailed schedule of key dates and deadlines for negotiations and due diligence
3. Confidentiality Terms: Detailed confidentiality provisions if too extensive for the main letter
4. Asset List: If relevant, preliminary list of assets or business elements involved in the proposed transaction
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