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1. Exclusivity Period: Optional binding provision preventing parties from negotiating with others for a specified period

2. Regulatory Requirements: Include when specific regulatory approvals are needed for the joint venture

3. Break Fee: Include when parties want to specify compensation if one party withdraws from negotiations

4. Governing Law: Include when parties want to specify the governing law for the binding provisions

5. Costs and Expenses: Include when parties want to clarify responsibility for costs during the negotiation phase

6. Intellectual Property Protection: Include when IP will be shared during due diligence or is central to the joint venture

1. Initial Business Plan Overview: High-level summary of the proposed business plan and objectives

2. Proposed Corporate Structure: Diagram or description of the proposed joint venture structure

3. Key Milestones: Timeline of key dates and milestones for establishing the joint venture

4. Initial Capital Requirements: Preliminary breakdown of expected capital contributions and use of funds

5. Due Diligence Requirements: List of required due diligence items from each party