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Confirmation Letter Of Intent
"I need a Confirmation Letter of Intent for a potential joint venture with a Singapore-based manufacturing company, focusing on exclusive negotiations for 90 days and including provisions for detailed due diligence starting March 2025."
1. Date and Parties: Clear identification of all parties involved and date of the letter
2. Expression of Intent: Clear statement of the business intention or proposed transaction
3. Key Terms: Basic commercial terms being proposed
4. Timeline: Proposed timeline for next steps and validity period of the LOI
5. Non-Binding Statement: Clear statement regarding the non-binding nature of the LOI (if applicable)
6. Signature Block: Proper execution blocks for all parties
1. Exclusivity: Provisions for exclusive negotiations between parties for a specified period
2. Confidentiality: Provisions regarding the protection and handling of confidential information exchanged during negotiations
3. Cost Allocation: Terms specifying how costs during the negotiation period will be handled between parties
4. Binding Provisions: Specific terms that are intended to be legally binding despite the generally non-binding nature of the LOI
1. Term Sheet: Summary of key commercial terms being proposed
2. Timeline Schedule: Detailed timeline for transaction completion and key milestones
3. Corporate Authority Documentation: Evidence of authority to sign and supporting corporate documentation
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