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Letter Of Intent For Consulting Services
"I need a Letter of Intent for Consulting Services to engage a cybersecurity consultant for our financial services firm, with specific focus on confidentiality provisions and data protection compliance, targeting project commencement in March 2025."
1. Date and Parties: Opening section identifying the date and all parties involved in the letter of intent
2. Purpose Statement: Clear statement expressing the intent to engage in consulting services and basic objectives
3. Scope of Services: High-level outline of the proposed consulting services to be provided
4. Timeline: Expected duration of the engagement and key milestone dates
5. Commercial Terms: Preliminary agreement on fees, payment terms, and basic commercial conditions
1. Confidentiality: Terms regarding the protection and non-disclosure of sensitive information shared during negotiations
2. Exclusivity: Terms specifying exclusive negotiation rights for a defined period
3. Due Diligence: Framework for preliminary investigations and information sharing
4. Break Fee: Terms regarding compensation if either party terminates negotiations
5. Binding/Non-Binding Provisions: Clear designation of which provisions are legally binding and which are not
1. Draft Service Schedule: Detailed outline of proposed consulting services and deliverables
2. Timeline Schedule: Detailed project milestones, deadlines, and delivery dates
3. Rate Card: Proposed fee structure, rates, and payment terms
4. Key Personnel: List of key consultants and their roles in the proposed engagement
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