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1. Identification of Parties: Full legal names and addresses of both the potential buyer and seller
2. Purpose and Intent: Clear statement that this is a non-binding LOI expressing interest in purchasing gold, except for specifically noted binding provisions
3. Transaction Overview: Brief description of the proposed transaction, including type of gold, quantity, and general quality requirements
4. Proposed Commercial Terms: Outline of key commercial terms including proposed pricing mechanism, payment terms, and delivery arrangements
5. Due Diligence: Process and timeline for conducting due diligence on the gold, its origin, and related documentation
6. Timeline: Proposed schedule for negotiation, due diligence, and execution of definitive agreements
7. Binding Provisions: Specification of which provisions are legally binding (typically confidentiality, exclusivity if applicable, and governing law)
8. Governing Law: Statement that the LOI is governed by Austrian law
9. Signatures: Signature blocks for authorized representatives of both parties
1. Exclusivity: Used when parties want to negotiate exclusively for a specific period, preventing the seller from engaging with other potential buyers
2. Break Fee: Include when there's agreement on compensation if either party terminates negotiations under specific circumstances
3. Conditions Precedent: When there are specific conditions that must be met before proceeding with the final transaction
4. Broker/Intermediary: Include when a broker or intermediary is involved in the transaction
5. Force Majeure: Optional clause addressing circumstances that might prevent execution of the final agreement
6. Anti-Money Laundering Compliance: Detailed section on AML requirements when dealing with high-value gold transactions
7. Dispute Resolution: Optional detailed procedure for handling disputes during the negotiation period
1. Technical Specifications: Detailed specifications of the gold including purity, form, and required certifications
2. Pricing Mechanism: Detailed explanation of how the purchase price will be calculated, including any reference to gold fixing prices
3. Due Diligence Checklist: List of required documents and verifications for the due diligence process
4. Proposed Transaction Timeline: Detailed timeline with specific milestones and deadlines for the transaction process
Precious Metals
Mining
Financial Services
Investment Banking
Commodity Trading
Jewelry Manufacturing
Wealth Management
Industrial Manufacturing
Electronic Components
International Trade
Legal
Treasury
Procurement
Risk Management
Compliance
Finance
Trading Operations
Supply Chain
Due Diligence
Corporate Development
Investment
Commercial Operations
Treasury Manager
Procurement Director
Legal Counsel
Commodities Trader
Financial Controller
Risk Management Officer
Compliance Officer
Trading Operations Manager
Investment Director
Business Development Manager
Chief Financial Officer
Supply Chain Manager
Due Diligence Officer
Metals Trading Specialist
Corporate Finance Manager
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