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1. Parties: Identification of the parties entering into the pre-negotiation agreement, including full legal names and addresses
2. Background: Context of the proposed transaction or relationship and purpose of entering into preliminary discussions
3. Definitions: Key terms used throughout the agreement, particularly defining 'Confidential Information' and 'Permitted Purpose'
4. Purpose and Scope: Clear statement of the intended scope of negotiations and that this is a preliminary agreement
5. Confidentiality Obligations: Detailed provisions regarding the protection and non-disclosure of confidential information exchanged during negotiations
6. Duration and Termination: Period for which the agreement remains in effect and circumstances for termination
7. Binding and Non-Binding Provisions: Clear distinction between which provisions are legally binding (typically confidentiality) and which are not
8. Governing Law and Jurisdiction: Specification of German law as governing law and designation of competent courts
1. Exclusivity: Used when parties agree not to negotiate with other parties for a specified period
2. Cost Allocation: Include when parties wish to specify how costs incurred during negotiations will be shared or borne
3. Break Fee: Used when parties want to establish compensation if one party terminates negotiations under specific circumstances
4. Timeline: Include when parties want to set specific milestones or deadlines for the negotiation process
5. Intellectual Property Rights: Used when negotiations involve sharing of IP or when development of new IP during negotiations is anticipated
6. Data Protection: Include when personal data will be exchanged during negotiations, ensuring GDPR compliance
7. Non-Solicitation: Used to prevent parties from hiring each other's employees during and after negotiations
8. Press Releases and Announcements: Include when parties need to control public communications about the negotiations
1. Schedule 1 - Negotiation Timeline: Detailed timeline of proposed negotiation stages and key milestones
2. Schedule 2 - Authorized Representatives: List of individuals authorized to conduct negotiations and receive confidential information
3. Schedule 3 - Information Handling Protocols: Specific procedures for handling and protecting confidential information
4. Appendix A - Scope of Proposed Transaction: Preliminary outline of the transaction or relationship being negotiated
5. Appendix B - Due Diligence Requirements: List of information and documents required for due diligence process
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