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Letter Of Intent For Business Transaction
"I need a Letter of Intent for Business Transaction to propose acquiring a small technology company in Manchester, with a transaction value of approximately £5 million and including a 60-day exclusivity period starting March 2025."
1. Letter Date and Addresses: Formal business letter format with date and proper addressing of all parties
2. Transaction Description: Clear and detailed description of the proposed business transaction including scope and objectives
3. Key Terms: Essential commercial terms including price, timeline, and scope of the proposed transaction
4. Non-Binding Statement: Clear statement regarding the non-binding nature of the LOI (except for specific binding provisions)
5. Duration: Validity period of the LOI and key milestone dates
1. Exclusivity: Terms of exclusive negotiation period and restrictions on negotiating with other parties
2. Confidentiality: Terms regarding information sharing, confidentiality obligations, and permitted uses of information
3. Cost Allocation: Provisions for how transaction costs, due diligence expenses, and professional fees will be shared
4. Break Fee: Provisions regarding compensation if either party terminates negotiations
5. Governing Law: Specification of applicable law and jurisdiction for dispute resolution
1. Term Sheet: Detailed commercial terms and conditions in bullet point format
2. Timeline: Proposed schedule for transaction completion including key milestones and deadlines
3. Due Diligence Requirements: List of required documentation, information, and due diligence materials
4. Contact Details: List of key contacts and their roles for both parties
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