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Partnership Letter Of Intent
"I need a Partnership Letter of Intent for a proposed tech startup partnership between my software development company and a data analytics firm in Singapore, with a 60-day exclusivity period and detailed provisions for IP protection during the negotiation phase."
1. Introduction and Parties: Identification of all parties involved and their contact details
2. Purpose Statement: Clear statement of intent to form partnership and basic objectives
3. Proposed Partnership Structure: Basic outline of intended partnership structure and roles
4. Timeline: Proposed timeline for partnership formation and key milestones
5. Confidentiality: Terms regarding confidential information exchange
1. Exclusivity Period: Period during which parties cannot negotiate with others, use when exclusive negotiations are desired
2. Due Diligence Process: Outline of proposed due diligence process, use when significant investigation is needed
3. Cost Allocation: How costs will be shared during negotiation period, use when significant costs are expected
4. Binding Provisions: Specific provisions intended to be legally binding, use when certain commitments need immediate effect
1. Draft Timeline: Detailed schedule of proposed partnership formation process
2. Initial Business Plan: Preliminary outline of business objectives and strategy
3. Term Sheet: Key commercial terms proposed for the partnership
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