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Letter Of Intent To Purchase Software
"I need a Letter of Intent to Purchase Software for acquiring an enterprise-level CRM system from Salesforce, with an implementation timeline starting March 2025 and a proposed budget of £500,000 over three years."
1. Sender Details: Full legal name and address of the party sending the letter of intent
2. Recipient Details: Full legal name and address of the software vendor/supplier
3. Statement of Intent: Clear declaration of intention to purchase the specified software, subject to agreed terms
4. Software Description: Detailed description of the software product, including version, features, and specifications
5. Commercial Terms: Proposed pricing, payment structure, and timeline for the purchase
6. Validity Period: Timeframe during which the letter of intent remains valid
1. Due Diligence Process: Details of any technical or commercial evaluation period required before final purchase
2. Exclusivity Clause: Terms regarding exclusive negotiation rights between parties for a specified period
3. Confidentiality Provisions: Terms for handling sensitive information exchanged during negotiations
4. Break Fee: Any compensation payable if either party withdraws from negotiations
1. Schedule A - Technical Requirements: Detailed technical specifications and requirements for the software
2. Schedule B - Implementation Timeline: Proposed schedule for software delivery, installation, and implementation
3. Schedule C - Price Breakdown: Detailed breakdown of costs including licenses, maintenance, support, and implementation services
4. Schedule D - Service Level Requirements: Proposed service levels, support requirements, and maintenance terms
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