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Preliminary Agreement
"Need a Preliminary Agreement for a potential joint venture between our Singapore tech company and a Japanese manufacturer, with strong confidentiality provisions and a 6-month exclusivity period starting March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the preliminary agreement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Core terms of what is being agreed to
5. Duration: Timeline for the preliminary agreement
6. Binding Effect: Specifies which provisions are legally binding
1. Confidentiality: Protection of sensitive information exchanged during preliminary negotiations
2. Exclusivity: Restrictions on dealing with other parties during the preliminary agreement period
3. Costs: Allocation of expenses incurred during the preliminary phase
4. Break Fee: Compensation provisions if the anticipated transaction doesn't proceed
1. Timeline: Detailed schedule of key dates and milestones
2. Due Diligence Requirements: List of required documents and information for review
3. Term Sheet: Key commercial terms agreed in principle
4. Authorized Representatives: List of designated contact persons for each party
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